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Here’s the maximum you can save in your 401(k) plan in 2021

If you’re signing up for next year’s workplace 401(k) plan benefits, now is the best time to develop a strategy for increasing your savings.

Benefits season also happens to coincide with the annual IRS release of the 2021 maximum contribution limits for certain tax-advantaged accounts, including your 401(k) plan, individual retirement account and healthcare flexible spending accounts.

Uncle Sam updates these figures around this time each year to reflect inflation.

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