6 steps to take now if you want to max out your 401(k)

Maxing out your 401(k) means that you contribute the maximum amount  allowed by law in a given year, as specified by the established 401(k) contribution limits.

Max Out 401(k) Employer Contributions

Your employer may offer matching contributions, and if so, there are  typically rules you will need to follow to take advantage of their  match.

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Max Out Salary-Deferred Contributions

While it’s smart to make sure you’re not leaving free money on the  table, maxing out your employer match on a 401(k) is only part of the  equation.

Take Advantage of Catch-Up Contributions

As you draw closer to retirement, catch-up contributions can make a difference, especially as you start to calculate when you can retire.

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When was the last time you reviewed your 401(k)? It may be time to check  in and make sure your retirement savings goals are still on track.

Reset Your Automatic 401(k) Contributions


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