Tagged Questions
3
votes
1answer
71 views
Can I still deduct contributions to my Traditional IRA?
I worked as a consultant on W2 from January 2012 until October 2012. My company did not offer any 401k. In November 2012, I got a full time job and the new company offered a 401K and enrolled me in ...
4
votes
2answers
70 views
401k Catch up Provision - Limits on timing?
My girlfriend, a Highly Compensated Employee (HCE rules in effect), has her 401k contributions in check by her plan and HR. However, she is also 50+, thus eligible for the Catch Up provision for $5500 ...
2
votes
1answer
264 views
401k Contributions + Employer Match be greater than Maximum Contribution?
This year, 401k contributions are capped at $17,000 per person.
So let's say somebody contributes this amount and is matched maybe 8% by their employer each contribution period.
Can the total amount ...
1
vote
2answers
109 views
Toward which year would an end-of-the-year 401k contribution apply?
Hypothetically, if a person's pay period ends on Dec 31st 2012, and they get that paycheck the next week (as in, 2013), which year's contribution limit would any 401k contribution be applied toward?
3
votes
1answer
278 views
Mandatory 401k contributions when a company's plan provider changes?
My company is changing 401K providers. I know I must rollover my funds from the original co. to the new 401K provider, but I did not want to contribute any additional monthly monies to the new plan.
...
7
votes
2answers
210 views
How should I be contributing to my 401(k), traditional or Roth?
My company just started offering an 401k plan in place of a Simple IRA. I am able to contribute into my 401k two different ways, traditional or roth.
From the way I understand it, traditional ...
14
votes
3answers
217 views
Why is there such disparity of max contribution limits between 401K accounts and regular IRA accounts?
In 2011, regular IRA accounts allowed only $5,000 maximum contribution, while 401K accounts allowed up to $16,500. Why is there such a disparity? Why do tax advantages favor employees of large ...
5
votes
2answers
371 views
Are 401(k) contribution limits for employee & employer separate? What about hitting the limit?
I am glad to see this forum. I have been reading a lot and have some questions about me specifically.
I am 29 years old and have a 401(k) already with my company. I just started contributing 10% to ...
2
votes
2answers
424 views
401(k) contribution limits & job change: How to prevent over-contributing at new employer?
My wife is changing jobs, and we are trying to figure out how to deal with her 401(k) contributions. She contributes the maximum allowed, and depends on her employer to stop deducting when the limit ...
4
votes
1answer
81 views
Can I deduct a contribution to an IRA if I also contribute to a 401(k) in the same tax year?
Can I deduct a contribution to a traditional IRA if I am also contributing to a 401(k) in the same tax year?
17
votes
5answers
558 views
How much should I be contributing to my 401k given my employer's contribution?
I realize that this is similar to at least one question here, however, there are some differentiators.
I can contribute a max of 5% of my net salary to the 401k fund. The employer matches 50% of ...
18
votes
2answers
196 views
Do traditional and Roth 401k have the same annual contribution limit?
According to everything I can find, the annual contribution limit for both traditional and Roth 401k is the same ($16500 in 2010).
Since the Roth is post-tax, doesn't that mean I can save more for ...
4
votes
4answers
293 views
How do I determine how much money to put into pre-tax and post-tax retirement accounts?
Is there a good rule of thumb for determining how much money to put into each type of account? I'm not at a point where I can max both my 401k, my ROTH IRA, and my wife's ROTH IRA, so I'd like to know ...
10
votes
3answers
1k views
Confusion about Roth 401K: Better for me to do pre-tax or Roth post-tax contributions?
My company offers a 401K and a Roth 401K. Given the income level of my family (married filing jointly status), IRAs aren't really an option. We're past the Roth IRA limits and get no deduction for a ...
4
votes
6answers
199 views
What factors should I take into account when deciding how much of my 401(k) contribution should go into my Roth 401(k)?
My employer allows new contributions to my 401(k) to go in as Roth (post-tax) or "regular" (pre-tax). What should I consider when deciding how to distribute my contributions between the two?
10
votes
3answers
221 views
How much should I contribute to my 401(k)?
My employer allows me to contribute a certain percentage of my salary to my 401(k). My employer will also match a certain portion of my percentage. How much should I invest in my 401(k)? Should I ...
6
votes
3answers
379 views
What are the 401K and IRA limits for next year (2013)?
Are 401K and IRA contribution limits increasing next year? If so, what are the new limits? Thank you!!
(Edit - I updated question to reflect 2013, and will update my answer accordingly)
