tax planning strategies

If there's one question about retirement planning that many people feel unsure about, it's this: How much should I contribute to my 401(k) each year? Seriously ... what's the magic answer? Is it 5%?  10%?  15%? Take a stroll around the Internet, and you're bound to find a number of opinions from reputable sites.  For example, Investopedia  is quoted as saying that "a good sweet spot is between 10% to 15%". That's not surprising; especially when you consider that when you're young (in your 20’s and 30’s) and just starting out, retirement can feel like such a long ways away. You know you should be saving up for the future.  But at the same time you've got to balance your finances against goals that are in the present such as your family … [Read more...] about How Much Should I Contribute to My 401(k) Plan? This is the Number You Need to Hit!