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Message: From GoLocalWorcester by Dan Forbes, GoLocal Contributor : Those maximizing pre-tax 401(k) contributions should consider after-tax contributions in plans that allow it. For 2016, the maximum employee contribution is $18,000 (plus $6,000 for those fifty and over). Employees may be able to make additional contributions on a post-tax basis. This is important because IRS rules allow for those after tax contributions to be rolled into a Roth IRA at retirement. http://www.golocalworcester.com/business/friday-financial-five-july-22-2016
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