This year, inflation has seen the HIGHEST increase since 1981 🤯 What does that mean for your 401K or retirement savings? Well, potentially a lot. And despite a lot of precautionary information we’ve discussed this year, it’s not all bad news.

Determining whether or not you should max your 401K contribution varies per person, but I do have some suggestions to consider to (hopefully!) help you make a decision. For context, the IRS creates contribution limits to prevent higher-paid workers from deferring large amounts of money and reaping an unfair value in tax benefits. It helps to keep the playing field fair, essentially.

With current market depressions continuing to trend downward, you might find yourself in a great position to take advantage of financial incentives.

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Disclaimer:
Investing involves risk, including the potential loss of principal. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC, (AEWM). AEWM and The Resource Center are not affiliated companies. Paid For By The Resource Center

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