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…

net worth target by age

When can you ditch your 9 – 5? Let’s find out your net worth target by age!

Having a net worth target by age is the kind of right of passage every adult should go through.  Targets, in general, are awesome.  They give you a goal to work for.  Help you stick to your plans over time.  And motivate you to work harder! From one day to the other, you can go from saving just for the sake of it to saving to reach a certain number and goal.  And once you continue reading…

not saved for retirement so far

So you have not saved for retirement so far? Here is how to turn the tide!

Procrastination happens to the best of us.  I personally like to procrastinate when it comes to doing laundry until I’m down to my last shirt.  Sometimes though, procrastination happens with much greater and more important aspects of life.  Such as saving for retirement.  Does that sound like you?  Have you not saved for retirement so far? If this is you, it is time to acknowledge the fact that you did not yet save for retirement continue reading…

Achieving Financial Independence - Prank or Reality

Achieving Financial Independence … prank or reality?

It’s confession time!  The first time I read about the concept of achieving financial independence, I thought it was some April Fools prank.  Retirement only happened at 65, right?  The thought was too intriguing however to not dig into further.  After all, traveling the world why I can still move all four of my limbs properly sounded very enticing. What became obvious very quickly was that I am not alone on my newfound journey to continue reading…

How not contributing to your 401k in your 20s can cost you One Million Dollars

How not contributing to your 401k in your 20s can cost you One Million Dollars!

I have been known to talk quite a bit about the importance of retirement on this blog.  Why is that … because it is just simply that -> ridiculously important!  Zinger, I know.  Well, true to fashion, I will continue talking about it in this post.  Possibly until I am blue in the face.  Let’s dive right into it since one thought in particular has been swirling around in my head all day long.  How continue reading…

retirement savings goals by age

What your retirement savings goals by age should be!

Awesome news everyone!  The average 401k balance has reached a record high as of the end of 2016!  This awesome tailwind was provided to us by… … contribution rates rebounding to levels prior to the 2008 financial crisis. … 401k loans dropping to the lowest level since 2009. … IRA accounts being utilized at a higher rate compared to last year. … and, last but not least, favorable stock market performance. As usual, I have continue reading…