Start the new year by leveraging the latest 401(k) plan changes to enhance your retirement planning! A notable change for 2024 is the increased contribution limit, offering a greater opportunity to grow your retirement savings.
Wealth Planner Janie Monroe CFP®, CFA, advises checking if your plan includes an automatic increase feature. This can help you effortlessly maximize your 401(k) contributions. If your plan doesn’t have this feature, you might need to set a specific annual savings target.
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