401k Contribution Limits Are Irrelevant

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401k Contribution Limits Are Not Important

401k contribution limits
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401k Contribution Limits As Mere Numbers

Unless you have the instinct to save and invest, 401k contribution limits will mean very little to you. Without the knowledge and acceptance that you will need 40 working years to save for 30 retirement years, 401k contribution limits are just figures listed within your employee manual. If you cannot save first and spend what’s left, 401k contribution limits are just numbers talked about amongst your friends and co-workers.

401k Contribution Limits As A Guideline

However, if you are a regular saver and passionate about investing for your retirement, 401k contribution limits mean everything to you. They serve as a guideline, even though you still have a hard time being limited on how much you can save for retirement on a tax deferred basis. Get the passion.

Take Retirement Investing To Next Level

Do you know someone who wants to retire, should retire, needs to retire but can’t because they do not have enough money to do so. They are emotionally and physically ready but not financially ready?

Perhaps during their working years they did not take saving serious enough or thought that 401k contribution limits were just mere numbers to be talked about. Do you want to reach your retirement years financially empty-handed also or do you want to have enough money to do whatever you want to do, go wherever you want and buy whatever you want to? You can, if you start right now and take your retirement investing to the next level.

It’s Okay To Take Small Steps

Start small but at least start. A true investor focuses on saving first and spending what’s left. Is that you?

If you cannot maximize your 401k retirement plan contribution limits at first, at least start investing and increase your contributions over time. People talk themselves out of starting because they can only invest small amounts of money, don’t do that to yourself. It’s okay to invest small amounts of money, it all adds up. Invest your raises, bonuses and tax-refunds.

Collect free money if your employer offers a match. If your employer does not offer a retirement plan, no problem, open an IRA and maximize that limit. Most banks or a mutual fund companies offer IRA’s. Take the winning attitude about investing for retirement, don’t worry about the contribution limits, just start investing and never stop.

 

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