Tag Archives: retirement
Maximum Allowable 401k Contribution
Managing savings through your company’s 401k has a tremendous number of benefits, but how much can you actually contribute to this retirement plan? The 401k tax law can be quite confusing. For the most part, your 401k contribution limit depends on the lower of: Your company’s 401k contribution limit compared to your income. For example,
Reducing Your Taxes: Part 1 of 3
End-of-Year Tax Break Exercises Before you know it the ball is going to drop as we ring in the New Year. But before it is officially 2008, let’s spend some time wrapping up 2007 by discussing some ways you can lower your realized income, which means a lower tax bill or a bigger tax return.
Why Now is the Time to Max out Your 401k
With your employee 401k retirement plan, becoming a millionaire is incredibly obtainable by hardly doing a thing. You simply enroll, spend a little time over the funds your company offers to invest in, indicate how much of your pay you want to contribute, and sit back and watch your retirement account grow. Every now and