re: I am going dump 100% of bonus in 401k - talk me down

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Do you have a company match? If so, you lose it when you hit 23.5k limit so depending on your contributions that could be early in the year and you will be losing free money.

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Depends. If the company's 401k plan has the "true up" feature, then there is no harm in maxing it out before year end. The true up will make sure that he gets the maximum match. If the plan doesn't have true up, then yes he could be losing out on match.

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I don't believe that the employer contributions count towards the individual contribution limit for a 401k plan.

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That's not what I posted. Another poster correctly answered and posted a more detail answer.

IMO It is a good move.

When you switch jobs roll it into a rollover brokerage account with Schwab or the brokerage of your choice to avoid ongoing 401k maintenance fees.

Just throw a big arse crawfish boil for your hood.

But in all seriousness, if you don't need a good portion of the cash (college tuition for kids, small remodeling of the kitchen, pay off the remainder of a note, etc), then why not if you've got 20 years till you need it.

If you are going to get a check for this that already has taxes taken out you don’t put it in an ira unless you want to pay double the taxes. You put it into a Roth.