Making the higher 401(k) cap work for you

11/8/2011 | U.S. News & World Report

Next year, workers will be able to add an extra $500 to their 401(k) plans for a maximum contribution of $17,000. Interested savers should reset their direct deposit to reflect higher contributions and be aware that their employer may have lower limits on the plan. Those in lower tax brackets should consider a Roth 401(k).

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