As we enter the home stretch of the year, we wanted to remind all to confirm the desired contribution level is being met for your company retirement plan.
Retirement Contribution Levels
401k and similar corporate plans – $18k + $6k if over age 50
Now is a good time to confirm our desired level of contribution is actually occurring. If not, this is the perfect time to adjust.
- Bonus offset
- Pay Raise
- Company ownership change
- 401lk/similar plan Provider change
- Investment options adjustments
All of the above and others, are reasons contribution levels may vary from our desired level.
Take a few minutes to check your latest paycheck and confirm your YTD deferrals …. Contact us with any questions, we are glad to help !
Have a great “Confirmed Retirement Contribution” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth