• Benjamin Franklin once declared, "Nothing can be said to be certain, except death and taxes." Although I don't have any updates on the former, where taxes are concerned I do have news:
• As it does every year, the Internal Revenue Service announced 2013 cost-of-living adjustments to many of the amounts you and your employer can contribute toward your retirement accounts. These new limits mean most people will be able to

contribute more money in tax-advantaged accounts for their retirement savings.
• Here are highlights of what will and won't change in 2013:
• Defined contribution plans. The maximum allowable annual contribution you can make to workplace 401(k), 403(b), 457(b) and federal Thrift Savings plans increases by $500 to $17,500. Keep in mind these additional factors:
• • People over 50 can also make an additional $5,500 in catch-up contributions (unchanged from 2012).
• • The annual limit for combined employee and employer contributions increased by $1,000 to $51,000.
• • Because your plan may limit the percentage of pay you can contribute, your maximum contribution may actually be less. (For example, if the maximum contribution is 10 percent of pay

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