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401(k)
raz Offline
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#16
12-30-2006, 11:50 PM
Per http://benefitsattorney.com/modules.php?name=415 the maximum contribution to a 401(k) for 2006 is $15,000 and for 2007 is $15,500.

If you can really afford to sock that much away, great. Few people can.

Rule 1 is "Start Early". Rule 2 is "Get the match".

So, definitely contribute to get the most out of your employer. Beyond that, try to up your contribution to put half of your raise away each year. Then, let it grow. After a few years of compound growth, you will take great comfort in the size of your nest egg.

Heck, after a while, a down market is just a blip.
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Messages In This Thread
401(k) - by Greg the dogsitter - 12-30-2006, 04:35 PM
Re: 401(k) - by ztirffritz - 12-30-2006, 04:50 PM
Re: 401(k) - by elmo3 - 12-30-2006, 04:52 PM
Re: 401(k) - by rob banzai - 12-30-2006, 04:57 PM
Re: 401(k) - by wurm - 12-30-2006, 04:57 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:05 PM
Re: 401(k) - by Lux Interior - 12-30-2006, 05:08 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:11 PM
Re: 401(k) - by Lux Interior - 12-30-2006, 05:20 PM
Re: 401(k) - by msienkiewicz - 12-30-2006, 05:24 PM
Re: 401(k) - by Greg the dogsitter - 12-30-2006, 05:28 PM
Re: 401(k) - by trisho. - 12-30-2006, 07:44 PM
Re: 401(k) - by STL - 12-30-2006, 08:06 PM
Re: 401(k) - by elmo3 - 12-30-2006, 09:06 PM
Re: 401(k) - by Paul F. - 12-30-2006, 11:24 PM
Re: 401(k) - by raz - 12-30-2006, 11:50 PM
Re: 401(k) - by ztirffritz - 12-30-2006, 11:52 PM
Re: 401(k) - by elmo3 - 12-31-2006, 12:19 AM
Re: 401(k) - by davemchine - 12-31-2006, 06:03 AM
Re: 401(k) - by Racer X - 12-31-2006, 08:26 AM
Re: 401(k) - by raz - 12-31-2006, 04:39 PM

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