Tuesday, July 8, 2008
What Is A 401(k)?
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There are limitations for how much you can invest into your 401 (k) plan on a given year.
You should check with the IRS to get the actual numbers as they have changed over time and are likely to continue doing so as the cost of living increases across the country.
Once you reach the age of 50 you are allowed to make extra contributions to your plan in order to 'catch up' and better prepare for retirement.
Read more What Is A 401(k)? at http://mysearch.ph/retirement-planning/is-410k.htm
You should check with the IRS to get the actual numbers as they have changed over time and are likely to continue doing so as the cost of living increases across the country.
Once you reach the age of 50 you are allowed to make extra contributions to your plan in order to 'catch up' and better prepare for retirement.
Read more What Is A 401(k)? at http://mysearch.ph/retirement-planning/is-410k.htm
Labels: retirement planning
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