Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "401K account balance"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]OP, one thing to keep in mind is the ability to make catch up contributions once you're 50 (or during the calendar year, so if you turn 50 in December you can start catching up the previous January). Each year starting at age 50, you can put an additional $5500 into your 401k and an additional $1k into your IRA (total $6500)-either a Roth or traditional that you immediately convert to a Roth. A Vanguard study showed that only 11 percent of those eligible for an employee sponsored retirement plan are contributing the max, so you're in good company, but it is much easier to grow the money big when you start early.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
