Darrell wrote as part of an excellent response:4. Is the maximum tax-free amount i can deposit into my 401k plan, $9500, a universal number or does that depend entirely on the plan i am using?Yes, $9500 is the legal limit for employee contributions for 1997. (I'm not sure if it has increased for 1998.)The 401k/403b contribution limit for 1998 is the lesser of 25% of gross compensation or $10K. The dollar limit increases by $500 whenever the cumulative effects of inflation would cause the $10K limit to rise by over $500. My guess is the next increase to $10.5K will not occur until the year 2000.Regards.....Pixy
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<