Space in the city

Here is a quick reference to the limits on contribution for 2006 & 2007 401k Fund Contributions Limits for 2006 Your 401k fund contribution limits set by the IRS for 2006 are: # $15000 for those under 50 years of age # $15000 plus $5000 additional catch up contribution for those over 50 years of age Be sure to check with your employer for any limits set by your company's 401k plan. To maximize your 401k , you should try to contribute the maximum amount you are allowed each year. (Read more at about.com ). 401k Fund Contributions Limits for 2007 Your 401k fund pre-tax contribution limits set by the IRS for 2007 are: # $15500 for those under 50 years of age # $15500 plus $5000 additional catch up contribution for those over 50 years of age Be sure to check with your employer for any limits set by your company's 401k plan. Some addition to the contribution limits Contributions to 401(k) plans, currently (2006) limited to $15,000, had ...

Found this article about " Why Johnny can't save for retirement". Great article and from a very good show. Sadly, the show " Wall $treet Week with FORTUNE" is off the air since 2005 . You should read this if you want to understand the following 401K Behavioral economics Neuroconservatism Libertarian paternalism Richard Thaler Here is the article Why Johnny can't save for retirement Money decisions are hard. It's not that we're stupid—we're just not wired properly. How brain science is changing the way we think about 401(k)s, Social Security, and the whole notion of retirement planning. By Justin Fox, FORTUNE March 8, 2005 The first question, flashed on a screen a few inches from my eyes, is easy. Do I want an Amazon.com gift certificate worth $16.31 today, or one worth $16.31 a month from now? Even with my head and upper body wedged into a magnetic resonance imaging machine that clatters like an unmuffled motorcycle engine as it scans ...