A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you can not afford to pass up.
Apply "Catch-up" Contribution for Workers 50+
Percent to contribute
This is the percentage of your annual salary you contribute to your 401(k) plan each year. Most employers permit employees to contribute up to 15 percent of their salary to a 401(k).
Estimated Salary Increase Rate
In order to keep your contribution at a FIXED value,please enter the number 0 in this field.
Maximum Percentage of Salary Contribution
Matched by Your Employer (If your employer has no maximum, please enter the number 100 in this field.)