07/08/2026
prioritize your next dollar | maximize your retirement savings
Do you still have discretionary saving dollars after taking care of your personal priorities, such as setting up an emergency fund, paying off high interest credit card debt, and funding other financial goals? Then it’s time to focus on trying to max out your 401(k), 403(b), IRA or other type of retirement plan, like a Roth account. While Roth contributions don’t give you a tax deduction now, the withdrawals in retirement are tax-free. In 2024, you can contribute up to $23,000 to a workplace retirement plan, plus an additional catch-up contribution of $7,500 if age 50 or older. For IRAs, the amount is $7,000 plus an additional catch-up contribution of $1,000.
To learn more, contact Jeffrey H. McKinnon, CFP®, CRC®* or Matt Defalco, Financial Advisors at the Service 1st Retirement & Investment Center at 800.562.6049 Ext. 7597 or visit Retirement & Investment Center | Service 1st.
