In the News

Title

Investing Blog Roundup: Increasing 401(k) Contributions

Document Type

Article

Publication Date

9-9-2016

Abstract

Today, I recently learned, is National 401(k) Day. Karen Damato of Money explains one of the most fundamental concepts about saving via a 401(k). Specifically, because of the immediate tax savings, increasing your 401(k) contributions doesn’t reduce your take-home pay by the full amount of the contribution.