re: Steph Curry takes home only 44% of his $34.6m salary

quote:

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I think it was clear the posters speaking to 18.5k as the max were talking about the generic pre-tax amount that is standard in 401k’s. Some of your other comments made me think you got confused on total contribution and employee contribution

No more, no less

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I think 98% of people who contribute to a 401k know one number, and that's the max pre tax contribution. I just wanted to bel clear that a guy like Steph should, in all likelihood, take advantage of as much tax deferred growth as possible, and the total limit of $55/$56 would apply.

My comment about the .05% was sarcasm considering many people have to put 10-20% in order to reach the max individual pre-tax level.

Steph can fill up the gap between his pre tax, his employer's contribution, and the $55k/$56k. That's the true defined contribution max allowed.