The magic of starting to save for retirement early and compounding returns! An excellent article from Business Insider entitled, “Every 25-Year Old in America Needs to See This Chart Right […]
With 401k plans, individuals are able to defer up to $18,000 per year ($36,000 per couple) in 2016. If you are 50 or older, you are able to contribute another $6,000 per year ($12,000 per couple). It’s always a great idea to make deposits to maximize both company matches for optimal benefit and look closely at fund fees to keep plan charges low.