The Motley Fool Discussion Boards	Previous Page
Investing/Strategies / Retirement Investing
URL: http://boards.fool.com/aleccese-writes-with-the-new-tax-law-everyone-has-15422554.aspx
Subject: Re: 401(k) limit increases	Date: 7/22/2001 11:21 PM
Author: MiteEMouse	Number: 30924 of 84861
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
Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us