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Question about maxing out my IRA and 401k
Question about maxing out my IRA and 401k I have a personal IRA with Fidelity that has a cap of $8,000.00 per year. I also have a 401K (through my job) which I believe the cap is something like $38,000.00 a year. From a Taxes point of view, when I hit the limit on both do they both count as ways to reduce my income taxes? Meaning is there any risk if I max out both of these come taxes t...
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