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Follow on Google News | Workplace Retirement Plans helps you saveRetirement Plans offered at the workplace are the best plans and out of them 401 k is the most popular and beneficial retirement plan
By: Peter Out ff all the workplace retirement plans , the 401 (k) plans are the most preferred by the retirees. Most of the companies and organizations in the private sector offer the 401k plans. They provide you with compounded increase on your funds and also help you to enjoy a number of tax exemptions. For various kinds of Retirement Plans see : http://www.futureyears.com/ If you are covered under the 401 k plans, you can earn around $15,500 of pre-tax earnings. If you are 50 years or more, you can even around $20,500. Another advantage of the 401 (K) plans is that your contributions are tax deferred until you withdraw the money from the account. 401 (K) plans also includes the matching contributions. If your employer or company is offering you the match to your 401 (k) contributions, it is wise to accept it. Recent surveys say that Americans prefer these contributions to cope up with the present economic challenges. The limit on the combined matching contributions is $45,000 for every individual while it is $50,000 for those who are 50 or above. http://www.retirement.futureyears.com/ However, the present recession has forced many companies to suspend their 401 (K) matching contributions. Recent surveys have showed that since 2008, around 90 companies have lowered or stopped their 401 k matches to cope up with their losses. So what do we do in this present situation? Experts say that the best way is to play the waiting game. Invest carefully in the 401 k plans and after the present down slum ends, you will really enjoy great benefits. Website : http://www.Futureyears.com # # # Http://www.futureyears.com provides comprehensive information on retirement to help you make an efficient retirement plan. End
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