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# What is the 401k catch-up contribution?

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View Full Interview# 401k contribution limits if you change companies?

If you change companies you can only contribute the maximum of $16,500 combined in both plans. It is up to you to keep track of how much you have contributed. Some companies, …as a courtesy will ask when you join the new company if you contributed to any other 401k plans during the year, and how much you have contributed. In that case they will keep track of the money you put into their plan, along with the past plans contributions so you do not go over the limit, wich means you having to receive a refund, having to postpone filing your taxes, and usually some sort of fee.

# What is the 401k maximum contribution for 2012?

It is $17,000 if you are younger than 50 years of age. There is a catch up limit of $5,500 if you are 50 years of age and older. Those 50 and over can contribute a total of $2…2,500 annually for 2012.

# What are the 401k contribution limits for 2013?

The limits for 401k contribution can be found under the the section 'taxes' on the 'About' website. The limits for 2013 are $17.500 and $23.000 if one is 50 or older.

# What is the maximum after- tax 401k contribution?

The 415c limit is $49,000. This includes all pretax, aftertax, roth, catch up contributions, and employer match. There's not a maximum specifically for aftertax.

# What is the maximum 401k contribution per month?

There is no limit set by IRS on a per month basis, however there is an annual limit to your contributions. Some employers do create restrictions on how much of your salary… you can contribute, but that varies from employer to employer. Assuming that you want to maximize your 401k for the year and you want to contribute an even amount per month, then you would contribute $16,500/12 = $1,375 per month. This does not include your employer match.

# What percentage of your income can you contribute to your 401k?

There is no limit based on percentage of income. However, most employer plans set a limit as a percentage of salary. Check with your employer for the limit they have set. Th…e law allows them to set a limit as high as 100% of your salary, though I know of none that actually has a limit that high. The limit on before-tax contributions and Roth 401k contributions for 2009 is 16,500 ($22,000 if you are 50 or over) per taxpayer, no matter how many employers you have. There is also a limit of $49,000 total including all employer and employee contributions (before or after-tax) per unrelated employer. (Few employers allow employee after-tax contributions.)

# Can you contribute to an IRA or 401k after age 70.5?

You cannot contribute to a Roth IRA, however you can contribute to a traditional IRA at 70.5 years of age. As long as you are employed, you can also contribute to a 401k as w…ell.

# Can you have a 403b and contribute to a 401k too?

Yes, but the contribution limit includes both, i.e., no more than $15,500 total in 2008 plus $5,000 "catch-up" if age 50 or over.

# How do 401k catch up contributions work?

The option works as follows assuming you are age 50 or older. You make make an extra $5,500 pretax contribution to your 401k plan on top of your regular pretax contribution li…mit.

# Can you contribute to an IRA if you are contributing to a 401k?

Yes, 2 separate things (accounts). The 401K investing doesn't affect the contribution amount allowed into the IRA. However, if you are contributing to a 401k, you are an …active participant in a retirement plan at work. If your modified Adjusted Gross Income exceeds a certain amount, there are limits on how much you may deduct for a contribution to a traditional IRA. You may still make a full non-deductible contribution, however.

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# Are 401K contributions tax deductible?

401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable in…come is reduced, tax is then reduced as well.

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# What will the maximum 401k contribution for 2010?

The 401(k) contribution limit for is $16,500 for those under 50 years old. For anyone between the ages of 50 and 59 ½ years old you also have the option of contributing an ad…ditional $5,500 as a catch-up contribution. The IRA contribution limit for is $5,000 for those under 50 years old, with a $1,000 catch-up contribution option for those between 50 and 59 ½ years old.

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# 2010 maximum 401k catch up contribution?

It did not change for 2010. The 402g limit (Pre-tax deferral limit) is $16,500 and the catch up contribution limit is $5,500.

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# What was the 401k maximum contribution limit for 2008?

The maximum 401k contribution limit for 2008 for individuals aged 50 or over remains unchanged at $5,000. You can also get the the chart of 401k contribution limit or 401k lim…its for the current year at http://www.401kgps.com/contribution-limits.aspx. 401k Gps is an invest advisory firm, based in USA and their recommendations are very valuable.

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# When is the last date for 401K contribution 2009?

December 31, 2009.