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Take advantage of new tax benefits for retirement planning.


Tax changes in the pair 2001 and 2002 made many changes in the retirement planning area, allowing taxpayers to contribute more to retirement plans, obtain larger tax benefits for doing in like manner and have more options for handling plan distributions. Whether you are an employee a business possessor or a retiree, you should consider these benefits in doing your 2003 tax planning. Also, you may still have time to make them work for you upon your 2002 tax return.

Higher contribution limits for IRAs, employer plans

For their 2002 tax year, taxpayers may contribute up to $3000 to either traditional or Roth


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