Hey there. My name is Bob Haegele and I'm an expert at frugal living and saving money. I’m also an EV enthusiast and have recently become mostly-vegetarian. Another thing I started doing recently? Dog walking. I’m working toward financial independence making money via my own ventures. Interested in starting a blog of your own? Check out my post on starting a blog.
401(k) Contribution Limits 2023
- Post published:May 15, 2019
- Post author:Bob Haegele
- Post last modified:May 31, 2023
This Post Has 6 Comments
Another great read. Thank you for this. I certainly have not paid much attention to my retirement options, being a stay at home mom for 16 years. I am interested in looking for a job in the upcoming months to get some extra income in. It would be nice to finally be debt free and be able to travel on the side.
I’m glad you enjoyed it. For sure – retirement plans are a powerful vehicle.
Any particular travel destinations in mind? 🙂
We got some really bad advice and pulled money out of my husband’s 401k and paid for a house in full. So, no mortgage. BUT…when we withdrew the funds they took out taxes…that part we knew. What we were given the wrong answer to was the IRS penalty!
So, my husband will retire in 5-6 years. House is paid for which is a good thing but we owe the IRS. UGH!
Ugh, sorry to hear about that. Tax law can be seriously complicated. I’m still learning about it, for sure.
Great post! I have a job that offers matching so I just started my first ever 401k. I am only contributing up to the matching percentage since I’m paying off debt
Yeah, that certainly makes sense. Gotta get that free money though!