Year-End Financial Checklist: Maximizing Your Retirement Contributions

In this episode, the hosts discuss Morningstar's Christine Benn's advice on maximizing 401K contributions, especially for those over 50, where the limit can reach $30,000 in 2023. Discover why revisiting your retirement plan contributions is crucial and how making adjustments can have a significant impact. Steve share's real-life stories, including a client who, after a simple conversation, realized the untapped potential in maximizing her 401K contributions. Learn why the end of the year is an opportune time to reassess your financial goals and make strategic decisions for your retirement. Steve emphasizes the importance of taking advantage of the current choices available for funding a 401K before legislative changes come into effect. He provides insights into pre-tax and post-tax considerations and encourages proactive decision-making to secure your financial future. Call Steve today for your complimentary End of Year Financial Review! See omnystudio.com/listener for privacy information.