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Ok I guess, you stand by yours and I'll stand by mine.
I agree on the 100% of pay deal, but someone earning a substantial income can defer the full 12k, receive 25% employer contribution (those 2 amounts cannot exceed 40k)(Thus your CFP training is correct when iot states the 415 limit is 40k.) Then do an additional 2k catch up.
I like my Society of Actuaries link as a basis. You don't mess with actuaries, they are right 99.5678943% of the time.
Anyway, not to sound like a smartie pants either, but I sell this stuff and train CFPs on retirement plans.
Maybe I'm wrong on this, and if so, will be greatly appreciative for having the debate. But would love to see a language from the IRS that states the catch up is inclusive of the 415 limits.


Bill
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