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Maxing Out My 401(k)
Posted By Jim On 09/08/2006 @ 8:00 am In Investing,Retirement | 2 Comments
Even though my new employer doesn’t offer an employer match on my contribution to my 401(k), I will still attempt to maximize my contribution to my 401(k) in the last four months of 2006. So far this year, in the 8 months I was with my former employer, I contributed less than $4,000 – far less than the maximum contribution of $15,000 a year.
There are two big reasons why I’ve contributed so little this year:
Now, why am I increasing my contribution so much? There are a few reasons:
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