Choose the Right Contribution Rate for Your 401(k)

Choose the Right Contribution Rate for Your 401(k)There’s really no getting around it — choosing the optimal 401(k) contribution rate is serious business — akin to laying the foundation of a new home, or planning a household budget before raising a family. Your 401(k) contribution rate — the amount deducted from your check every pay period that is redirected toward your company retirement plan, in percentages — will set the financial tone for your retirement plan growth. Deduct from it and your retirement could wind up in serious peril.



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