IRS Raises 2013 Contribution Limits for Retirement Plans

Perhaps pouring fuel onto the fire wrt the exchanges below in the "Firestone" thread on retirement accounts, news out today from the IRS that they are increasing the qualified amount for ERISA accounts by $500 per individual to $17,500 here in the US for 2013.

More demand destruction fomented by the IRS here, if any individuals have any income left over after purchases of necessities for allocation to these accounts.

They know not what they do.