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.

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Max Out 401(k) Employer Contributions

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Max Out Salary-Deferred Contributions

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Take Advantage of Catch-Up Contributions

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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.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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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.

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.

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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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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