Choose the Right Contribution Rate for Your 401(k)
Jamie Patrick Hopkins
There's really no getting around it – choosing the optimal 401(k) contribution rate is serious business – akin to laying the foundation of a new home, or planning a household budget before raising a family.
Your 401(k) contribution rate – the amount deducted from your check every pay period that is redirected toward your company retirement plan, in percentages – will set the financial tone for your retirement plan growth.
O'Connell, Brian, "Choose the Right Contribution Rate for Your 401(k)" (2017). In the News. 2088.