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March 8th, 2008
2008 401k Contributions Limits
Posted in Finance, Investing, Taxes
The 2008 401K contribution limits are mostly unchanged from 2007 - except for the increase in the section 415 limit on total contributions which is discussed below. For most individuals, a 401K plan is likely to be one of the best possible investments to make in your future. Like any kind of savings, it requires discipline and commitment.
Retirement planning is something that a huge number of us either manage to totally avoid thinking about or simply let slide, year after year. This is stupid (there is just no nice way to put it). Without forethought and planning it is getting more and more unlikely that any of us will have enough to survive on adequately after retirement. With relatively high limits, the pre-tax contributions to a 401K can make a huge difference in the quality of life you have on retirement. And the sooner you start, the further ahead you’ll be.
» 2008 401k Contributions Limits says:
[...] FinancialBitz.com wrote an interesting post today onHere’s a quick excerpt The 2008 401K contribution limits are mostly unchanged from 2007 - except for the increase in the section 415 limit on total contributions which is discussed below. For most individuals, a 401K plan is likely to be one of the best possible investments to make in your future. Like any kind of savings, it requires discipline and commitment. Retirement planning is something that a huge number of us either manage to totally avoid thinking about or simply let slide, year after year. This is stupid [...]
March 8th, 2008 at 4:49 am