2010 is coming and many have been wondering if 401k contribution limits would increase, decrease or stay the same. For those that have taken steep losses in their retirement accounts, maxing out their 401k, either traditional or Roth, is one of the only ways to try and get their portfolio back to respectable levels.
Many still my perceive the 4o1k purely as a money trap, but there is no other retirement vehicle that allows you to defer as much as the 401k. (You can obviously take advantage of the 401k counterparts 403b and 457 plan)
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