ACHIEVING YOUR FINANCIAL FREEDOM WITH THE 401-K & GREAT NEWS – CONTRIBUTION LIMITS INCREASE IN 2022 – WHAT ARE YOU WAITING FOR!

The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.

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SO YOU DECIDED TO GIVE 3/4 OF A $$-MILLION TO A COMPANY WORTH $$-BILLIONS?

IT'S ALL ABOUT THAT MAGICAL 401K SILLY!    A powerful means to grow your wealth is accepting YOUR matching contributions from an employer into YOUR 401K plan. Employer matching 401K contributions means the employer contributes a certain percentage of your compensation to your retirement savings.  Because it is YOUR MONEY/PART OF YOUR COMPENSATION, companies must budget these matching funds.   Approximately 15% of employees decline to open a 401K and hence decline the matching funds.  Those ...

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WHEN FEAR RUNS HIGH, THE NEED FOR COURAGE MUST RUN HIGHER!

  THANK YOU TO ALL THE PEOPLE KEEPING AMERICA GOING!   A special thank you to all the men and women in health services who are staying on the job to protect us.  The men and women staffing and restocking grocery stories, drug stores and convenience stores.  And all the others going out every day to keep our economy going as close to normal as possible.  Thank you to those working in police, ...

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