With contribution amounts of $23k and catch ups of $7500 for a total of $30,500- (again not much change from last year)….
Now is a good time to remind of a couple of pro tips!
401k/Retirement Pro Tip Reminders
Unless you are planning on a shortened work year (if so for whatever reason, you may want to accelerate contributions) even our contributions out over the year… With maxing the plan out, have the final contribution occur in late November or early December….this takes advantage of the bucking bronco ups and downs of market movements….
The first few years on a new plan should likely be your most aggressive allocations! Your contributions make up the bulk of the value… make them aggressive, partially the reason for the above Pro-Tip – these work together!
Ahhh….today is a Friday, we have had a very good workflow start to the year… the Back office is much more relaxed and as such the filter down effect is working!
Talk Next week!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
