Everyone Should Try to Participate
If you can afford it, by all means put in even more. It is true that the match will be limited to 5% of your income, but the more you put in, the more that will come out. At 10% of your income, this would sum up to $1600 from you, $400 from the IRS, and $1000 from DBA.
After 30 years, your account would have about $675,000. Even you could be a $millionaire$ -- contributing 15% of your income for 32 years would do it!
Curve assumes an average 4% pay raise.
|Published by Lotus® Freelance Graphics®||Authored by Rich Franzen|