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For 2013, the maximum you can contribute to all of your traditional and Roth IRAs is the smaller of: ' $6,500 ($7,500 if you're age

For 2013, the maximum you can contribute to all of your traditional and Roth IRAs is the smaller of: ' $6,500 ($7,500 if you're age 50 or older), or ' your taxable compensation for the year. TRUE OR FALSE

DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION

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