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; $25,000 in 2019 if you’re age 50 or over).  Additional congratulations if you’re maximizing these deferrals early in the year to really exploit the tax deferral and then [...]