A Closer Look At 20 ways to Maximize your 401k in 2016

Advertisement

13. Use Auto-escalation To Your Advantage

retirementincome_600x400
[sc-ad-insert] You can actually use auto-escalation to your advantage and use it to increase your contributions. If you start with a contribution rate of 3%, you can set up a contribution rate that is automatic of 2% ,for every 6 months.

At the end, you find that you have 11% contribution in about 2 years.

PeeJay
Advertisement

Pages: « »

Advertisement