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How Do I Maximize My Employer 401(k) Match?

Many employees are not taking full advantage of their employer's matching contributions. If, for example, your contribution percentage is so high that you obtain the $16,500 (year 2010) limit or $22,000 (year 2010) limit for those 50 years or older in the first few months of the year then you have probably maximized your contribution but minimized your employer's matching contribution. The goal is to reach the IRS limit while at the same time maximizing your employer's matching contribution and thereby maximize take-home pay.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.22% up 4.16%  
15 Y Fixed Graph 3.32% up 3.24%  
30 Y Fixed Jumbo Graph 4.62% up 4.61%  
5/1 ARM Graph 3.52% up 3.35%  
5/1 Jumbo ARM Graph 3.78% up 3.70%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%