Upgrade Your Skills. If your skills need refreshing or you need to acquire a new skillset, there are many free courses online you can take to upgrade your skills. Be sure to include all the new skills you learn on your resume. Computer Skills That Will Help You Get Hired.
If youâre 49 or younger: If you each contribute $17,000 tax-deferred to your respective 401k plans then as a couple you would have reduced your taxable income by $34,000.
1 The fact is, for tax year 2007, an individual, even if they contributed to a 401(k) in 2007, can contribute up to $4,000 to an IRA. And they have until April 15, 2008 to make a contribution. For 2008, an individual can contribute up to the annual contribution rates for both a 401(k) ($15,500) and an IRA ($5,000). Those age 50 or older can also add an extra $1,000 to an IRA and $5,000 to a 401(k).