Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I'm trying to navigate the waters of 401K investing.....help!!

What is the maximum dollar amount the Fed's will allow in the 401K per year? (married filing jointly)

Also -- I was just informed that my salary is to be cut 25% due to work slow down in my company. I was only participating at a 5% level and don't really want to drop to zero -- but my husband's company has a greater match and we are contemplating increasing his to the max allowed and dropping mine to zero -- and then adjusting depending upon the length of the current crisis my company is in.... any thoughts? (my 401K is not my sole retirement plan -- I have Roth IRA's as well)

Thanks !!
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement