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re: What to do with extra monthly cash flow in my scenario?
Posted on 1/15/15 at 5:30 pm to Big Saint
Posted on 1/15/15 at 5:30 pm to Big Saint
quote:
Are there different thresholds for "highly compensated" depending on the employer? Not knocking you... I know nothing on the subject.
Yes, A HCE is anyone that owns more than 5 percent of the company OR has family that does, OR makes more than I believe 120K a year (the amount adjusts for inflation).
1
Posted on 1/15/15 at 7:42 pm to LSUFanHouston
quote:
OR makes more than I believe 120K a year (the amount adjusts for inflation).
This part can't be true unless that number is significantly higher due to inflation nowadays. I have read that you can't make contributions at $250k or so but if you contribute the max before you hot that I believe you're fine. I may be wrong on that.
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