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Retirement Saving: There’s a Hidden 401(k) Feature You May Not be Aware of
Saving for retirement is one of the most frequently discussed topics in financial planning media these days, with the common assertion that nearly everyone needs to do more to prepare for this life phase. CNBC Personal Finance Reporter Kate Dore, in a post today on their website, covers the basic limits for contributions to 401(k) plans, like regular contributions and “catch-up” contributions, but also discusses a feature available in some plans called and after-tax contribution. This feature, if you can take advantage of it, could greatly enhance your financial picture. Check out her article here…