3min chapter

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How to Buy a House in 2023

Money Guy Show

CHAPTER

How to Make the Most of Your Retirement Plan

This is for the high income type people like Jason you cannot exceed the 66 let you know I'm not going to get into the 50 and over but just go with the 66 that's your salary deferrals. You want to make sure you save room for profit sharing matching from your employer and all that stuff. If you have a gap between that what the employers go put in what you put in through the 225 you can fill up that full 415 funding limit with after tax contributions. Then there's a conversion process either within the plan or through the in-service distribution then you convert it and that's why it's massive think about that  it gets me excited.

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