2
votes
3answers
72 views

What ways can I contribute closer to the the IRS employee/employer combined 401k contribution limit?

In 2014, the IRS maximum 401(k) contribution for an individual is $17,500 but the combined individual/employer maximum is around $52k. One way to have the combined total higher is to simply increase ...
4
votes
1answer
236 views

Why is the total 401(k) contribution limit (employee + employer) so high?

The 2014 employee contribution limit is $17,500. The 2014 total contribution limit is $52,000. (Provided they're not capped earlier based on low income.) Meaning the IRS has left room for a ...
10
votes
1answer
738 views

Employer match after tax?

My employer matches 2% of my contributions to my 401k but insists those contributions cannot be pre-tax. Is that correct?
1
vote
3answers
120 views

Using matching on 401k and then cashing out

I realize that if I "cashed out" on a 401K early, I end up having to pay taxes on the cashed out 401K savings. But, I would have had to pay taxes on that 401K amount if I had not put into savings ...
1
vote
3answers
332 views

Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match?

I think the title says it all. I can't see any reason employers have to incentivize employees to contribute to their 401(k) evenly throughout the year. Instead couldn't they use a relatively simple ...
2
votes
1answer
63 views

When a 401k plan cites a percentage of salary, e.g. for matching, is it pre-tax, or post?

Referring to How 401(k) plans work: What does "pre-tax" really mean? Let's do the math to see the advantage of pre-tax saving. For example, you may decide you want to put $200 into your ...
3
votes
2answers
5k views

Over contribution to 401K between two employers, and maximizing employer match? [duplicate]

I have a situation like this: I worked for an employer this year from January to May and contributed $14,500 to my 401K. There was no matching from this employer. In mid-May time frame, I changed ...
3
votes
1answer
517 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 ...
4
votes
3answers
216 views

Should I participate in a 401k if there is no company match?

The 401K program offered by my employer doesn't include a company match. Should I participate in the plan? What are the criteria one should use for estimating the worth of the situation?
7
votes
5answers
1k views

Could excess 401(k) contributions be used to game/maximize matches from different employers?

Suppose I max out my 401(k) really early. This avoids the risk that if I lose the job I would have lost the chance to contribute to it fully. However there is another risk. My company doesn't match. ...
4
votes
3answers
8k views

Are 401k Employer Match amounts subject to FICA or any other tax?

When my employer makes a contribution to an employee 401k account, are any taxes payed by the employee (e.g. FICA)? And does the employer match amount show anywhere on the employee's W-2 or 1040?
9
votes
3answers
2k views

Green Card holder (permanent resident): Should I contribute to my employer-matched 401(k), even if I might leave the U.S. later?

I am a Green Card holder (permanent residence card) and my company offers a matching 401(k). I plan to stay in the U.S. for a long time. However, I can't control the future. If there were a family ...
10
votes
3answers
137 views

Matching but no investing, or investing but no matching?

(This is a simplified version of an earlier question I posted - I want to try to get back to basics so I can understand the principles involved in my decision) Given the following two options: ...