Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
What is the maximum contribution that can be placed in a 401K. I was under the impression that it was $10,500 for
2000, but have been told that a stipulation to this is earnings greater than $70,000.


How much you can contribute to the 401k depends on top heavy rules and other factors.

If you can contribute 15% of your salary then the 10,500 yearly cap would be reached at 70,000.

For example if you earned 10,000 you would be limited to 1,500 per year at the 15%.
Print the post  

Announcements

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 Glassdoor #1 Company to Work For 2015! 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