quote:
As been mentioned, this is company specific. The company I work for, you need to contribute on each payroll cycle to get the match. People learned the hard way.

Same

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Posted by tigersfan1989

Baton Rouge

Member since Oct 2018

1265 posts

Posted on 3/13/20 at 7:19 pm to oneg8rh8r

There is a max limit of 57k combined for employee and employer for the year on 401k. So you could potentially hit that and not get anymore matches before the year is up. Just a FYI for higher earners or contributors

This post was edited on 3/13/20 at 7:21 pm

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Posted by nikki

garyville

Member since Sep 2004

317 posts

Posted on 3/13/20 at 7:27 pm to Negatiger1986

My employer does a true-up contribution.

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Posted by jacquespene8

Nashville, TN

Member since Sep 2007

4397 posts

Posted on 3/13/20 at 7:34 pm to oneg8rh8r

Doesn’t this require you to not eat or pay your mortgage for a few months? Yea I’m gonna leave mine at 8%

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Posted by FulshearTiger

Member since Jul 2015

5294 posts

Posted on 3/13/20 at 8:52 pm to jlovel7

quote:

I thought your employer match doesn't count towards the 19.5k

It doesnt. But if your company matches up to a certain % and you can no longer contribute then you wont be getting a match on anything.

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Posted by Gorilla Ball

Member since Feb 2006

12844 posts

Posted on 3/14/20 at 8:55 am to oneg8rh8r

My program allows up to $25,000 and after that then those contributions go into a post - tax account.

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Posted by Phate

Baton Rouge

Member since Mar 2006

11788 posts

Posted on 3/14/20 at 9:56 am to Gorilla Ball

Would this be a no brainer with a Roth IRA where there is no company match and just the $6K limit?Get the max in now and have that ride the wave back up?

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