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Hi! I was until today under the impression that $10K is the limit (for 1998) for 401(k) contributions. Something I read today gave me the impression that this is only true for BEFORE TAX contributions. You may contribute any amount over this (no limit) long as it is after-tax dollars. Is this true? If so, isn't this the best way to utilize that portion of your regular savings ear-marked for retirement, since it will at least grow tax-deferred?
Thanks for your input.
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