Statewide Iowa — Many people are reviewing their retirement plan contributions as we approach the end of the year.
IRS spokesman, Christopher Miller, says a recent update allows you to put away more toward retirement.
He says there’s also a change for individual retirement accounts or IRA’s.
Miller says it’s important to review your plan to be sure you are putting enough money away.
Miller says if you make the adjustment heading into the new year, you will be able to take advantage of the increased limits for the full year.
