It’s the New Year! If you’re working, don’t forget to increase your 401(k) contributions to reflect 2019’s higher limits. You can now contribute $19,000 per year to your 401(k) if under age 50, and $25,000 per year if 50 or over by the end of 2019. Plus, you can add about $10/week extra to your Traditional […]
Tag Archives | 401(k)
Growing Your 401(k) Faster
Want to make your 401(k) grow faster? Here’s a simple tip. Each time you get a raise, bump up your retirement contributions by 1 to 2 percent of salary, until you reach your target savings rate of 10 to 15% of gross income per year. If you’re already maxxing your 401(k), stuff extra savings into […]
Why Don’t Women Save As Much As Men?
Why don’t women save as much as men? A recent study conducted by two researchers at the University of Wisconsin tried to answer that question. They interviewed state government employees to discover why women working for the state of Wisconsin have lower amounts saved in their retirement plans than men. In fact, women have only 70¢ in their […]
Higher 401(k), IRA Contribution Limits in 2013
You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]
5-Minute Fix: Getting Free Money From Your 401(k)
No time to spare? Don’t worry. The “5-Minute Fix” shows you how to have a big impact in your financial life with just a little time. If you are not putting enough money in your 401(k) to get the maximum employer match, you are absolutely leaving free money on the table. 29% of all workers do not contribute […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
