If you are preparing for retirement and using your 401(k) as the primary savings vehicle; you will be happy to know that you can now add more money to your account in the coming year. According to the IRS.gov website; in 2020, you can contribute $19,500 to your 401(k) account.  This is an increase of $500 from last year's limit. This limit also applies to federal employees utilizing the Thrift Savings Plan. Here are a few other notable changes: 1-Catch-up contributions for those over Read more [...]