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I have what may be a stupid question.

I have contributed the maximum $13,000 to my employer's retirement plan for 2004. On the other hand, my wife, whose salary is much lower, has only contributed about $5,000 to her employer's plan. (This was a consequence of my mistaken impression that the annual contribution limit included both a dollar amount AND a percentage of one's income.)

So, the question is what can/should be done at this late stage in the year.

As a first step, she's alloted 100% of her December paycheck to her employer's retirement account. What I don't know is whether she can or should be doing anything additional? Specifically, can she write a check (from the cash in our joint taxable account with Merrill Lynch) to her employer retirement account? Obviously, this would be after-tax, so there would be no taxable income reduction savings, but are there other benefits to moving the money from its present location (in an ordinary investment account) to her employer retirement account?

(I know we should also do a Roth for the year, and we're already doing that up to the max.)

Thanks in advance for any guidance you can offer.


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