Make the most out of your 401(k)
By: Bogie Boric Retirement Planning Views: 5874 | Comments: 0 | Votes: 0
This year (2007) you can contribute up to $15,500 to your employers' 401(k) plan. If you are older than 50 add an extra $5,000 in catch-up contributions for a total of $20,500. If you are eligible to participate and your employer offers matching contributions there is no reason for you to say "no" to this free money. The important point is that this is tax-deferred growth. More