Strategic Insights on 401(k) Contributions: Balancing Savings and Reality
Maxing out a 401(k) can be a powerful financial move – a tsunami of cash steadily building to a potential fortune upon retirement. Contributing the maximum sum of $23,000 ($30,500 if aged 50+) may blossom into a bountiful harvest worth hundreds of thousands of dollars in the distant future. Yet as enticing as this savings ...