Managing Your 401(k)

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MANAGING YOUR 401(k)

By Dan Timotic CFA

More than 73 million Americans actively participate in employer-sponsored defined-contribution plans such as 401(k), 403(b), and 457 plans.

If you are among this group, you’ve taken a big step on the road to retirement, but as with all investing, it’s important to understand your plan and what it can do for you.

Here are a few ways to make the most of this workplace benefit.

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One Response

  1. 401(k), IRA Limits to Remain Unchanged for 2017

    According to an IRS announcement on the cost-of-living adjustments for pension plans and other retirement-related matters for 2017, the annual contribution limits for 401(k) accounts — and other defined contribution plans such as the Thrift Savings Plan, 403(b) plans and most 457 plans — will remain at $18,000.

    http://www.msn.com/en-us/money/personalfinance/401-k-ira-limits-to-remain-unchanged-for-2017/ar-AAjxY8U?li=BBnbfcN&ocid=U348DHP

    That’s the same level it’s been since 2015.

    Tamira

    Like

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