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re: Suggested % to contribute to youy 401K?

Posted on 1/2/13 at 8:32 pm to
Posted by vjp819
South Sec. 414 / Alex Box Sec. 210
Member since Nov 2003
10882 posts
Posted on 1/2/13 at 8:32 pm to
i believe the limits 18% before taxes, and 75% after taxes. People under 50 have a lower limit then the over 50 crowd. Not for sure what the limits are.
Posted by yellowfin
Coastal Bar
Member since May 2006
97793 posts
Posted on 1/2/13 at 8:52 pm to
quote:

i believe the limits 18% before taxes, and 75% after taxes. People under 50 have a lower limit then the over 50 crowd. Not for sure what the limits are.



It's 17,500 and over 50 is allowed to make catch up contributions of 5,500.

ETA: that's 2013
This post was edited on 1/2/13 at 8:54 pm
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2811 posts
Posted on 1/3/13 at 9:42 am to
LINK
quote:

i believe the limits 18% before taxes,


My wife has been contributiong more than 20% of her gross for a few years so I know it is not capped at 18%. 18% may be a rule your plan has but not the government.

The above link will answer most of the questions I've seen in this post.
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