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BRIO Financial Planning

Fee-Only Financial Planning Services in Quincy, MA

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December 13, 2019 by Michelle Morris

Good News for Savers in 2020!

2020 is nearly upon us and with it comes higher employee contribution limits for 401k plans.

Of course, not everybody is in a position to contribute the max.

But no matter how much you are contributing now, I encourage you to increase it for 2020.

If you are contributing nothing right now – start with 1% of salary.

If your employer matches your contribution, try to capture the entire match. That match is part of your total compensation package – don’t leave your employer dollars on the table!

Every time you get a raise – earmark some of it for increased savings.
Your balance will seem puny.

It will go down when the market does. Then you are buying stocks on sale!

Stay the course; perseverance pays off.

Save. Invest. Increase Savings. Repeat.

Topics: Filed Under: Retirement

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From the Blog

  • Capture Those Dollars!
  • Good News for Savers in 2023
  • How Will You Pay Your Taxes in Retirement?

Important Legal Information

Investment advisory products and services are offered through advisory representatives of BRIO Financial Planning, an investment advisor registered with the Commonwealth of Massachusetts.

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Contact Us

Michelle Morris, CFP® EA
BRIO Financial Planning
1073 Hancock St. #101
Quincy, MA 02169

michelle@briofp.com
617-934-0419 (phone)
617-934-1933 (fax)

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