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 75777

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