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Author: fasterfool Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76094  
Subject: Re: 401k plans Date: 2/21/1998 8:59 AM
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<< << A: The $10K max is the COMPLETE total regardless of
whether your employer matches your contributions
or not. >>

Gotta strongly disagree on this one. The rule is that you can contribute a maximum of $10000 of YOUR own money (used to be $9540). Company contributions are extra. Contributions to my own 401k (my contributions plus company contributions) have exceeded $10k for several years. >>

Ok - I need a tie breaker!!! This is pretty important since it defines when I'll need to start venturing outside my 401 K. I just started a new job a year ago and I'm getting ready to start contributing to 401 K. I'm gonna max my contributions which with my employer contribution will put me over $10K.

BTW - if you are contributing too much, who tells you? Does your employer state that your contributing too much and need to cut down on the percentage?

Finally, in my attempt to be completely foolish, I will max out my contribution percentage to my 401K plan. The only mutual fund choice I have that even comes close to the Vanguard Index Fund is the Vanguard Growth and Income Fund. It seems to have actually done better than Vanguard Index over the past 10 years. Anyone know much about this fund?

Thanks for your help,
Fast
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