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401k Question?

JANASENA

By JANASENA
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phatposts Sr. Hero

phatposts

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25 minutes ago, JANASENA said:

 

 

maxing out antey 8% pettala bro? alagaithey nenu already pettesa 8%

Maxout in terms of % - we cannot answer. For married filing jointly - it is 19500 per year. 

As much as you can - I strongly suggest investing all of the 19500 every year. As someone said above, doing it early in the year is a bit more advantageous if your plan allows "front loading". 

To understand front loading : https://www.wealthenhancement.com/blog/is-it-a-good-idea-to-front-load-your-401k-contributions

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