Question: Periodically the annual maximum contribution one can make to their 401k (or 403b) plan is increased: Group of answer choices to account for inflation to

Periodically the annual maximum contribution one can make to their 401k (or 403b) plan is increased:

Group of answer choices

to account for inflation

to adjust for the fact that people tend to save more money as they get older

The statement is incorrect. The maximum annual contribution limit remains constant year over year.

None of the above

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