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Retirement Plan Limits for 2011
The contribution limits to IRAs and other retirement plans will stay the same in 2011 as they were in 2010. The contribution limit to an IRA will remain at $5,000 for people under the age of 50, and $6,000 for people age 50 and older. The contribution limit to a 401(k) plan will remain at $16,500 for those under the age of 50, and $22,000 for those age 50 and older.