BASKING RIDGE, NJ- You’ve probably been told that one of the smartest financial moves to make is investing in your future by maxing out your retirement plan contributions.

Traditional IRA and Roth IRA investors have had the same $5,500 limit for years, with a $1,000 catch-up contribution option for those 50 years of age or older.

However, there are other retirement accounts that have increased contribution limits in 2017.

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For professional assistance, contact Walter Pardo, WFP Tax Partners at our office at (877) 714-2362 or to schedule a time to discuss your needs.