Right now is a great time to consider increasing your contributions to your 401k or other retirement plans. If you were contributing the maximum before, that maximum has increased. If you’re now old enough for catchup contributions, be sure to take that into consideration and really boost your savings as you approach retirement. See the link below for the 2019 limits. Do you receive a tax refund every year? If you have a consistent salary it can be quite simple to determine how much to lower your tax withholding to reduce your future tax refunds, and instead contribute more to your 401k plan, which has an added benefit of reducing your taxes. Turning your refund into additional tax savings, and saving for retirement, potentially without reducing your take-home pay? Sounds like a win-win. Contact us with questions and clarification if we can help with anything at all.