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I have a 401k account with an old employer and have not rolled it over or invested in it for about a year. I have been employed with several (3) other companies since then including some independent consulting work (1099). My question is since I never rolled over or closed the 401k may I invest 10-15% of my annual income for this year to in to the 401k to protect my earnings from taxes?
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Justin,

Most employers aren't going to let you do this. The contributions usually need to be pay-roll deducted.

I would look into doing one of the tax deferred/free accounts as an independent consultant. That should allow you to invest some money at least.

fredinseoul
hoping I got this right.
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My question is since I never rolled over or closed the 401k may I invest 10-15% of my annual income for this year to in to the 401k to protect my earnings from taxes?

No; not if you're not working for the employer who sponsors the plan.

However, if you did some 1099 work, there are options for self-employed people (Keogh and SIMPLE-IRA) that you should look into.

JDOyster
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