Choose the Right Contribution Rate for Your 401(k)

There's really no getting around it -- choosing the optimal 401(k) contribution rate is serious business -- akin to laying the foundation of a new home, or planning a household budget before raising a family.Your 401(k) contribution rate -- the amount deducted from your check every pay period that is redirected toward your company retirement plan, in percentages -- will set the financial tone for your retirement plan growth.Deduct from it and your retirement could wind up in serious peril.