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Adults under 50 can set aside up to $23,500 in a 401(k) in 2025, while those 50 to 59 and 64 or older can save up to $31,000. Those aged 60 to 63 can contribute the most at $34,750 this year.
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If you want to get the most out of your 401(k) account, you obviously need to contribute money of your own. Your 401(k) lets you choose between a variety of funds your employer has pre-selected.
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A 401(k) can be a great way to save for retirement, but a few wrong decisions can derail your progress. Fortunately, it only takes a little planning to avoid the biggest 401(k) mistakes.
The 401(k) has been around for 46 years, and in that time, it has become the dominant workplace retirement plan employees of all ages use to save for their futures. Each generation has made its ...
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Since their inception in 1987, 401(k)s have become the private sector’s most common employer-sponsored retirement plan — the Investment Company Institute says that there are roughly 60 million ...