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re: Suggested % to contribute to youy 401K?
Posted on 1/2/13 at 8:33 pm to CajunCaimen
Posted on 1/2/13 at 8:33 pm to CajunCaimen
at my company they just stop deducting it from your check once you reach the limit. Just looking at my last paycheck from 1012. I contribute 16% before taxes, and they stopped the line listed
EE401K at 17,000, then added another line because I'm over 50 as: Catch Up EE 401K and shows on that line what I contributed over the 17000. So it looks as if the limit you contribute is $17000. Does not count what your employer contributes.
EE401K at 17,000, then added another line because I'm over 50 as: Catch Up EE 401K and shows on that line what I contributed over the 17000. So it looks as if the limit you contribute is $17000. Does not count what your employer contributes.
This post was edited on 1/2/13 at 8:38 pm
1
Posted on 1/2/13 at 8:39 pm to vjp819
Interesting, so the $17K is only your contributions and does not include your employer?
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