IF YOUR EMPLOYER OFFERS a 401(k) plan, it’s your primary ticket to a comfortable, secure retirement. There are limits on how much you can contribute, but they’re generous. In 2022, you can save up to $20,500 in your 401(k) plan, up from $19,500 in 2021. (Workers age 50 or older can put in an additional $6,500.) And contributions are deducted from taxable income, so you get even more bang from your bucks.
When you’re just starting out, maxing out your contribution can be a challenge. The general rule of thumb when it comes to saving in your 401(k) is to try to contribute 12% to 15% of your gross income. If that’s too much, resolve to put in at least enough to qualify for your company’s matching contributions.
Diese Geschichte stammt aus der January 2022-Ausgabe von Kiplinger's Personal Finance.
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Diese Geschichte stammt aus der January 2022-Ausgabe von Kiplinger's Personal Finance.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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