Tips For 401k Open Enrollment
It is this time again: October and early November are usually the open enrollment period when employees can make once a year change for their medical health insurance, retirement 401k plan investments and other benefits. Even though we focus on retirement investing, every now and then, we receive users’ questions on 401k, IRAs and in general, investing for retirement. We will use this newsletter to address some of these issues.
First, some basic information.
Contribution and company match
When one makes a contribution to a retirement plan, there is usually an annual limit. For a normal 401k, the annual contribution limit is $18,000. Remember, if you are 50 years or older, you can contribute extra (so called catch-up contribution). Its limit for 2015 is $6,000. You can find more info on this page.
Please login or register an account to view the newsletter