5 Ways To Use Extra Income To Grow Your Retirement Savings

BANKRATE | on Sun, Mar 19, 8:00 PM

Lucia Lambriex/Getty ImagesMaximize your deferred incomeTax-advantaged salary deferral -- the employee contribution portion of savings in a workplace 401(k) and a separate side-gig retirement savings plans -- is limited in 2016 to a combined total of $18,000 if you're younger than 50 and $24,000 if you're 50 or older.CFP professional Brad Berger, author of "Stop Trying to Keep Up With the Joneses: They're Broke Anyway," suggests that you figure out how to divvy up that deferral so you get the...

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