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How To Max Out Your 401k In 2024: New Rules Make It Easier

Among the countless headlines last year, little attention was paid to retirement saving.

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Research | PLANSPONSOR

PLANSPONSOR is the trusted research and solutions resource for America’s retirement benefits decision makers

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The 403(b) retirement savings mistake that cost me a fortune


Although I wasn't in an annuity plan myself, I now know that many individuals get talked into investing in an annuity without understanding how they operate and what their fee structure looks like. Even without an annuity plan, though, I know the fees I was paying in my 403(b) were considerably higher than the fees I now pay in my self-managed index fund portfolio. 
How to make the most of your employer-sponsored retirement plan
Although you have limited choices when it comes to your employer-sponsored retirement plan, it's still important to do your own research before blindly putting your money into investments chosen by an advisor. This is especially true if that advisor is going to make a commission off of your choices, as that can dictate what investments they recommend to you. 

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Detailed text transcripts for TV channel - FOXNEWS - 20120429:15:20:00

that dumb. no matter what we think. they have given us huge opportunities in a 401(k), 403b, $17,000. if you are over 54, they allow more $15,000. you can get up to $50,000 a year on a pre-tax basis. so there are huge opportunities, if you have the cash flow, get the dollars away on a pre-tax basis. get the tax savings that you would have given up to the federal/state government, get to the goal. >> the key word is cash. a lot of people don't have the cash. i would like you to help -- it's all mind-set, so i want someone in their 40s thinking, that's great, 401(k) -- i don't have it. break it down for them. give them a simple tip to make it more realistic for them to put that money away that they really need to. >> the biggest problem is that people are looking at a very

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Detailed text transcripts for TV channel - FOXNEWS - 20100209:21:43:00

answering your questions, and here's this weeks. >> hey, this is sandy, and i'm from georgia. i have a retirement question for you. i put most of my money into a 403b, and i'm just wondering if i'm doing the right thing. >> what do you say? >> you could be. a 403b is the same as a 401k. but for a non-profit or something for a teacher along those lines. so you're saving money in your 401k. you're doing a very wise thing. you might consider the roth ira before you do the 403b if the 403b doesn't have a match. >> make it, keep it, save it. thank you very much. >> thanks, good to see you. >> you too. >> just one day before toyota's u.s. chief heads to capital capitol hill. another massive recall. nearly a half million of its

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