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Author: aleccese Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: 401(k) limit increases Date: 7/22/2001 10:14 PM
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With the new tax law everyone has been talking about the dollar increases in the employee contribution limit ($11,000 next year and then gradually increasing to $15,000 by 2006).

In the past there were other "limits" imposed such as the fact that the employee and company contribution could not exceed 25% of your pay and also could not exceed $30,000 per year.

I heard that there were other changes included with the new tax law which increase these limits to 100% and $40,000 starting next year.

The only place I've heard this mentioned was in an article on www.money.com. Since then the article seens to have vanished from the site. All I have is a hardcopy of the story.

Does anyone out there know the scoop? Are these other increases for real?

Andrew Leccese
aleccese
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Author: MiteEMouse Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 30924 of 76397
Subject: Re: 401(k) limit increases Date: 7/22/2001 11:21 PM
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aleccese writes:

With the new tax law everyone has been talking about the dollar increases in the employee contribution limit ($11,000 next year and then gradually increasing to $15,000 by 2006).

In the past there were other "limits" imposed such as the fact that the employee and company contribution could not exceed 25% of your pay and also could not exceed $30,000 per year.

I heard that there were other changes included with the new tax law which increase these limits to 100% and $40,000 starting next year.

*****************************************************************

This is correct. For details, see for example either

http://www.universalpensions.com/alert/Alert05302001.asp or

http://www.tagdata.com/

Mite E. Mouse




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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 30926 of 76397
Subject: Re: 401(k) limit increases Date: 7/23/2001 7:50 AM
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Greetings, Andrew, and welcome. You asked:

I heard that there were other changes included with the new tax law which increase these limits to 100% and $40,000 starting next year.

The only place I've heard this mentioned was in an article on www.money.com. Since then the article seens to have vanished from the site. All I have is a hardcopy of the story.

Does anyone out there know the scoop? Are these other increases for real?


There are many changes in the new law that will be effective on January 1, 2001. For an outline of the major changes, see my column "Even More Money for Your Retirement" at http://www.fool.com/retirement/retireeport/2001/retireeport010618.htm

Regards..Pixy


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