The 401k Contribution Limits Increased In 2016

- September 1, 2010, 9:22 pm

A 401k is an investment tool powerful to help you plan your retirement, but the government has set limits on how much you can contribute to their plan each year. A 401k plan allows employees to invest their retirement savings in a mutual fund or similar. Often, employers will be equivalent to employee contributions to the plan, making it an attractive way to fund their retirement, because it's already doubled its money going to sweeten the deal is that taxes are normally applied to these investments are deferred.