Inflation May Squeeze 401(k) Contribution Limits In 2010

Retirement savers may find it more challenging to rebuild diminished 401(k) accounts next year--the result of a possible reduction by the IRS of the maximum allowable contribution. The issue here is the low inflation rates we've been experiencing as a result of the recession. By law, the Internal Revenue Service sets the 401(k) annual maximum contribution using a formula tied to inflation rates...