Quote:
Originally Posted by greg63
Thank you all for the advice. I really hadn't any clue. I work for a non profit and started a 403(b) plan about a year ago, I'll start upping the amount that goes into it each month. I have about 13,000 in KPERS that is really just sitting there. I thought about putting it into an Edward Jones account. Not trying to bring "DC" talk here but I fear the prospect of the unrealized gains tax.
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Giving that I'm retired I don't follow the limit anymore, but a quick search says that the limit for a 401K or 403B in 2024 is $23K, so if you can max it out to the point of pain, that would be a good start. For 2025 it looks like the limits will be $23.5K, so see if you can budget ~$1,950 a month for all of 2025. If you can, great, if not, put as much in as you financial pain threshold will allow. Remember, 401K and 403B contributions are pre-tax, or they were, so that's a little relief for you...
Hope this helps...