Happy new year! Have you adjusted your retirement plan contributions yet? The Internal Revenue Service (IRS) has a list of the new limits on their website located at http://www.irs.gov/uac/2013-Pension-Plan-Limitations. Do you have an IRA? In general, you can up your contributions to $5,500. Do you have a 401(k) or 403(b) plan? Likewise, you can up your contributions to $17,500. Older employees may be able to contribute more. However, your plan may have additional limits that might restrict you to a lower number so be sure to check with your benefits department.
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