Should You Max Out Your 401(k)?
Letâs start with a more basic question: Can you max out your 401(k)? The answer is: not likely. According to 2010 data from the Center for Retirement Research at Boston College, 6.7% of 401(k) participants contributed the maximum (then $16,500, now $17,500) to their 401(k) or similar retirement plans. For the personal finance coach whose mantra is âmax
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