Left to our own devices, we probably would not think of increasing our 401(k) contributions. As we brought up before, an annual review of your 401(k) account is a good practice and if your plan doesn’t have an auto-increase feature, you may want to increase your contributions by small amounts say 1% every year. This short article is a good example of what incremental increases can do over time. If you have any questions, feel free to reach out to me.
Peace,
Will
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