View Single Post
  #35  
Old January 27th 07, 08:19 PM posted to rec.aviation.piloting
B A R R Y
external usenet poster
 
Posts: 517
Default Good news for pilots - retirement age

On Fri, 26 Jan 2007 19:44:19 -0700, Newps wrote:

Once you're eligible the plan is the same for everybody. You put in 5%
and the government matches it, 5% is the most they put in. You can go
up to the IRS max.



Be aware that to maximize the match in a many retirement plans you
need to spread out your contributions over the entire year of
paychecks.

I'm amazed at how many people who max out their matched retirement
plans by September (or even earlier!) don't realize they're leaving at
least 25% of the match on the table each year.