The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/there-is-currently-a-limit-of-the-lower-of-25-of-11171767.aspx

Subject:  Re: Maximum 401K limit = $13,275? Date:  8/19/1999  6:51 PM
Author:  Bobbcat Number:  13269 of 75340

There is currently a limit of the lower of 25% of your income or $30,000 allowable of total contributions. If the right provisions of the tax bill (which Clinton promises to veto) get put in the compromise bill, the 25% limit will go away and the $30,000 limit will slowly go up.

So yes, make sure you don't lose company match based on those limits. Some plans are written to where the excess contribution is allocated to those participants who didn't put away as much. Not fair, but you are talking tax code here. ;-)

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us