Is there a reason why there are annual contribution limits for mutual funds? I know it technically might not be reached by most people, but I’m curious if it’s in the interest of the government or the interest of the person holding the fund.

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Posted by James Catterall (MONEY FORUMS: 4, Answers: 1)
Asked on February 24, 2016 3:11 pm
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James, there aren’t limits on mutual fund investing….the limits are for annual contributions to retirement accounts. That limit depends on which type of account (401ks and 403bs have higher limits than traditional or Roth IRAs) and your age (you can save more per year after age 50.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: February 25, 2016 2:35 pm