Many people have a 401(k) retirement savings plan, which works like this: The plan is funded with pretax dollars taken out of your paycheck (through payroll deductions). … Let’s say you put $2,400 annually in a 401(k) starting at age thirty, and, for the sake of example, let’s assume you get an 8 percent annual return. … As stated above, you can put up to $15,500 into a 401(k) in 2008, and if you are age fifty or older, you are allowed up to an additional $5,000 in “catch-up” contributions.
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Investing for beginners
All about Online investing for beginners (or offline for that matter). Articles for beginners about investing in stocks, mutual funds, index funds, real estate, or any other forms of investing.
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