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To: WeatherGuy

He should be putting more into his 401k...


3 posted on 05/25/2015 12:10:55 PM PDT by TaxPayer2000
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To: TaxPayer2000

There are annual caps on a 401. Most folks try to spread the contribution throughout the year instead of a lump sum.


6 posted on 05/25/2015 12:17:58 PM PDT by PAR35
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To: TaxPayer2000

No, the max contribution this year is $18,000 for people under 50. He is putting in $3000 a month. So assuming he is paid April-September, he will max out at the end of the season.


7 posted on 05/25/2015 12:20:24 PM PDT by proxy_user
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To: TaxPayer2000

As someone at the site said for his 6 month season he puts in the max for his two week check of $1500. He has 26 pay periods. That is $18000.


8 posted on 05/25/2015 12:22:20 PM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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