Does Your Employer Penalize Aggressive Saving? Odds Are, Yes.

Hats off if you’re maximizing your 401k deferrals and reaching the federal employee contribution limit each calendar year: $19,000 in 2019 if you’re age 49 or younger or $25,000 in 2019 if you’re age 50 or over. Note: these limits have increased to $19,500 and $26,000 respectively for the tax year 2021.  Additional congratulations if you’re [...]