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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79733  
Subject: Re: 401k annual allowable contribution increases Date: 3/3/2000 3:27 PM
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Greetings, Makimmel, and welcome. You wrote:

<<I have been redeployed by my company. I want to know what my potential loss to my retirement fund is. I max out at the $10,500 limit this year in my 401k plan, but I want to know what the federal limits would be for the next 9 years which is when I had planned to retire. I am planning on suing the ... for age discrimination, since I have worked for the company for over 30 years!! Is the maximum contribution going to be increased by $500 each year? Or is this information privy only to the "powers that be" with the IRS?>>

Even the IRS doesn't know what the level will be over the next nine years because it's adjusted based on annual inflation rates. When the cumulative inflationary impact causes the increase to exceed the next higher $500 increment, the maximum contribution level will be raised by $500. Until then it will stay at $10.5K.

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