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Get Pumped: 2023 Roth IRA Contribution Limits Have Increased

TheMotleyFool

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Get Pumped: 2023 Roth IRA Contribution Limits Have Increased: https://g.foolcdn.com/editorial/images/705825/excited-woman-smilling-and-looking-at-computer.jpg

Next year might be an ideal time to up your Roth IRA (individual retirement account) contributions. The Internal Revenue Service just released the increased contribution limits for 2023. If you qualify for a Roth IRA in 2023, this is your chance to boost your retirement savings and gain access to more tax-free income later.

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If you're looking to enjoy tax-free wealth during retirement, a Roth IRA can get you started on the right path. Established in 1997, the Roth IRA is loaded with many benefits that are hard to find in the retirement world. Here are a few:

Source Fool.com

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