Boosting Your 401(k) Plan's Return

Your 401(k) plan's ultimate size is primarily a function of two factors — how much you contribute and how much you earn. Of course, you know you should contribute the maximum amount possible, $20,500 in 2022 (up from $19,500 in 2021), plus a $6,500 catch-up contribution for individuals over age 50, if permitted by the plan (unchanged from 2021). But what steps should you take to maximize your returns? Consider these tips:

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