If you’ve started contributing to your 401k retirement plan at work and are catching on how great it is to stash away your money before taxes are taken out, then you should be aware that there are some boundaries which exist as to how you can use these accounts.  The IRS of course can’t have its citizens hiding 100% of their income from taxes.  As a result there are 401k limits placed on how much you can contribute, how much your employer can contribute, and a few other aspects as well such as when you can access your money. Here are the main highlights of which restrictions you should get to know.  These will be important to follow so … [Read more...]