Stat the year off right with these savings tips:

  • Establish a savings and debt reduction goals for the year
  • Try to increase your monthly contributions to your 401(k) or 403(b) plans.  The maximum annual contribution for 2016 is $18,000.  Anyone 50 or older can contribute an extra $6,000
  • Automatically transfer $458.33 per month from your checking account into a Roth or Traditional IRA, and $1,166.67 per month into a 529 Account and/or $166.67 per month into an Education Savings Account for each of your children
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