At the end of the month, we will find ourselves in the last quarter of the year. Now is a terrific time to make sure you are on track to maxing your retirement deferrals – If you are short, you have plenty of time to catch up!
Confirm you are maxing your retirement plans now
We should be very near 75% of the way to these levels now!
Reasons we see the max is missed:
- Just turned age 50 and on the old schedule
- Volatile income – bonus, raise, or other
- Change in job
- Change in back office HR or plan providers
One last super handy tip – If you are only working a portion of the year for any reason, accelerate your deferral to hit those maximums early !
Have a Great Day!
John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225