How Saving Too Much in Your 401(k) Could Cost You
Company matches are typically allotted each pay period, meaning those who max out annual contributions early could miss out on extra retirement savings.
This article originally ran Feb. 12. In case you missed it, we're running it again as part of our Tax-Relief Week.
Question: A friend says he missed out on part of his employer's 401(k) matching contribution because he contributed too much to the plan. How is this possible?
Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.