This is the time of year when many may be spending time with family and/or friends while enjoying the holiday season. It's also the time when people typically make New Year resolutions – often centered around physical health or financial health.
These are some Frequently Asked Questions I get for those thinking about their finances. Of course there is more to financial planning and investment advisory services than these limits:
Q: What is the max I can contribute to my 401(k), 403(b), 457 plan in 2017?
A: There is no change in 2017. The elective deferral amount remains constant at $18,000 and if you are 50 years old or older you can defer an additional $6,000 for a total of $24,000