Maximum Contribution Limit

Your 401(k) Maximum Contribution Limit Increases By $500 In 2018

Woohoo!  The IRS has announced that, after three “long” years, the 401(k) maximum contribution limit will increase by $500 in 2018.  You can read all about the announcement right here. The catchup contribution of $6,000 per year for folks ages 50 and up will (unfortunately) remain the same in 2018.  Why the government wouldn’t allow for additional savings is puzzling at best. Your 401(k) Maximum Contribution Limit Increases By $500. And, yes, that’s a big deal! continue reading…

Financial Muse Savings %

Savings % – how much is too little, too much or just right

Have you asked yourself lately whether your savings % is spot on?  Or even wondered whether you are saving too little or too much?  Trust me when I say, you are not alone!  The ideal savings % seems to be a bit of an elusive concept.  One we will shed some light on once and for all. First and foremost, there is no one size fits all rule.  Go ahead and google the subject.  You continue reading…