Weekly Market Recap The US Federal Reserve (Fed) held interest rates constant at their November meeting. When looking at the US economy, the Fed sees solid job gains and economic activity picking up from the first half of the year. However, the Fed views US business investment as soft and recent US inflation is below their 2% long-run objective. In the Fed's view the case for a rate increase "continues to strengthen". In Europe, the preliminary estimate of EU Q3 growth came in at 1.6% year-on-year broadly consistent with recent quarters. With only a few pay periods remaining in 2016 we remind you to review your 401(k) plan contributions if you haven't already done so. Participation in a 401(k) plan can potentially defer taxes on retirement saving, but a second important benefit can be contribution matching from your employer. Contributing matching means having your employer match a portion of your 401(k) contributions up to a certain level. This can be an effective way to grow your retirement savings. Employer 401(k) plans and matching levels vary by employer, also note that 401(k)s are common at for profit employers, other employers such as non-profits, government and the military are likely to offer 403(b), 457 or TSP plans to help retirement saving. Most 401(k) plans have a threshold that contributions are matched up to such as 6% of annual pay and some plans match dollar-for-dollar to a maximum level. Matching in some 401(k) plans vests, which mean you need to remain at your employer for a given time to get the full benefit. Since 401(k) matching can help you reach your retirement goals, we believe it's worth understanding the specific details of what your employer offers and consider contributing at least up to the level that receives a full employer match. Disclaimer:
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