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Started By
Message
re: Proposed 401k limit -- $2400 per year
Posted on 10/21/17 at 9:51 am to ghost2most
Posted on 10/21/17 at 9:51 am to ghost2most
Tell me about it, I'm always amazed how many people do not put any money in their 401k or any retirement at all. What is the government's reason behind this? How are they benefiting?
And we are still going to get screwed on our company match because I don't see many companies continuing to give the percentages their matching if you are not also contributing that much. $2,400 is about a little less than 2% for me and right now I put in 6% which my company matches, I highly doubt they're going to make up the other 4% on their own as a goodness of their heart.
And we are still going to get screwed on our company match because I don't see many companies continuing to give the percentages their matching if you are not also contributing that much. $2,400 is about a little less than 2% for me and right now I put in 6% which my company matches, I highly doubt they're going to make up the other 4% on their own as a goodness of their heart.
This post was edited on 10/21/17 at 9:54 am
4
Posted on 10/21/17 at 9:53 am to GREENHEAD22
We end up paying taxes on the amount we can't deduct anymore.
Posted on 10/21/17 at 10:01 am to GREENHEAD22
quote:
And we are still going to get screwed on our company match because I don't see many companies continuing to give the percentages their matching if you are not also contributing that much. $2,400 is about a little less than 2% for me and right now I put in 6% which my company matches, I highly doubt they're going to make up the other 4% on their own as a goodness of their heart.
The way I’m understanding is the $2400 would be the pre-tax maximum. You can still contribute post-tax and your company would be able to match.
Posted on 10/21/17 at 10:13 am to GREENHEAD22
quote:
$2,400 is about a little less than 2% for me and right now I put in 6% which my company matches,
If you're single your income should be more than enough to max 401k and ROTH.
Posted on 10/21/17 at 10:26 am to GREENHEAD22
Damn son you ballin huh?
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