UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: Bobbcat Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75524  
Subject: Re: Maximum 401K limit = $13,275? Date: 8/19/1999 6:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
There is currently a limit of the lower of 25% of your income or $30,000 allowable of total contributions. If the right provisions of the tax bill (which Clinton promises to veto) get put in the compromise bill, the 25% limit will go away and the $30,000 limit will slowly go up.

So yes, make sure you don't lose company match based on those limits. Some plans are written to where the excess contribution is allocated to those participants who didn't put away as much. Not fair, but you are talking tax code here. ;-)
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement