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Investing/Strategies / Retirement Investing
|Subject: Re: What's the limit to invest in 401k?||Date: 3/25/2005 1:35 PM|
|Author: synchronicity||Number: 45257 of 81362|
<< Don't forget that if you are 50 or older you can contribute and extra $4,000 in catch up contributions. >>
What happens if you're 50 or over and fall in the highly compensated category ?
Off the top of my head, that shouldn't have any impact your ability to make so-called "catch-up" contributions to a 401(k). I should check to make sure, though.
Next year it's 15K and 5K, and will be adjusted for inflation after that.
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