2 Key 401(k) Moves to Make Before Year’s End
Now that we're creeping toward late November, it's time to really think about the financial goals you set for yourself earlier this year, and whether you're on track to meet them. And if one was to maximize your 401(k) in 2017, here are two specific moves you can't afford to wait on.
The beauty of the 401(k) lies in its generous annual contribution limits, which are currently $18,000 for workers under 50 and $24,000 for those 50 and over. (Note that these limits will increase by $500 next year.) If you've yet to come close to maxing out this year, now's the time to work on increasing what could be your final contribution or two for 2017. Even if maxing out isn't feasible, it still pays to increase your December contributions to eke out a little extra savings -- and tax break.
IMAGE SOURCE: GETTY IMAGES.
Source: Fool.com
