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If the employer is matching some of the contribution amount at least that much of an amount and if you can contribute that much and then more if possible and do not plan on taking any distributions until you are at least 59 1/2 years of age.

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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.


Can you contribute to a Health Savings Account (HSA) without having earned income?

No, you cannot contribute to a Health Savings Account (HSA) without having earned income.


Can you contribute to an HSA without earned income?

No, you generally cannot contribute to a Health Savings Account (HSA) without having earned income. Earned income is typically required to be eligible to contribute to an HSA.


How can employees contribute to a SEP (Simplified Employee Pension) plan?

Employees can contribute to a SEP plan by having their employer set up the plan and making contributions on their behalf. Employees cannot directly contribute to a SEP plan themselves, as it is funded solely by the employer.


What were the penalties for not having health insurance in 2015?

In 2015, the penalty for not having health insurance was either a flat fee or a percentage of your income, whichever was higher.

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