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Contributing over the 401(k) limit vs investing in an index fund?

You didn't mention contributing to an IRA in addition to your 401k. Contribution limits for IRAs and 401ks are separate, so you could contribute up to $23,000 to your 401k AND up to $7,000 in an IRA ...
NotHead's user avatar
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5 votes

Contributing over the 401(k) limit vs investing in an index fund?

You cannot "over-contribute" into a 401k. As mentioned in the comments, the plan allowing you doing so will lead to the whole plan losing it's retirement qualification status. That would ...
littleadv's user avatar
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Contributing over the 401(k) limit vs investing in an index fund?

Some companies do allow you to over-contribute to the 401(k) account. They do this because you are allowed to, but the additional money isn't pre-tax, and it isn't Roth. This money is post-tax money. ...
mhoran_psprep's user avatar

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