What Does it Mean to Max Out Your 401(k)?

 
 

 

What Does it Mean to Max Out Your 401(k)?

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To max out your 401(k) is to put in the maximum amount of money each year that the Federal government allows.  This amount for 2018 is $18,500 and if you are 50 or over, you can contribute an additional $6,000 for a total of $24,500.


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