My employer only allows 17% contrubition to 401K and they do not match anything right now (0%) so I will not reach the $15K limit. Anyway to help me get the max tax deferral of $15K?
2006-09-11 07:05:11 · 8 answers · asked by my2cents 2 in Business & Finance ➔ Personal Finance
I don't believe you can. If 17% doesn't get you to $15K, then your max is whatever 17% gets you to. Sorry. It's nice that you can sock away that much.
Bear in mind, you can also contribute to an IRA. You would have to check to see if you can make a deductable contribution or a Roth contribution based on your own personal situation.
2006-09-11 07:10:17 · answer #1 · answered by Y Answerer 6 · 0⤊ 0⤋
Their plan basically prohibits you from putting in the full limit of $15,000.00 by limiting your contribution to 17% (unless of course you gross $88,235.29 or more per year...then $15k would be 17% in that case).
You can put money into an IRA, or other retirement plan, but not into your employer's 401(k) plan. You will not be able to max the 401(k) tax deferral limit, however, you can open other tax exempt retirement accounts.
2006-09-11 07:19:25 · answer #2 · answered by ●Gardener● 4 · 0⤊ 0⤋
The only exception to adding more than the 17% is if you are 50 yrs old or older. You are allowed to put in extra money to catch up retirement funds. Check with your 401K administrator for more details.
2006-09-11 09:46:06 · answer #3 · answered by Midwest guy 4 · 0⤊ 0⤋
Most 401K's allow you to contribute more money in to the account...contact your agent and tell them what results you are looking for..you will probably have to transfer money from an existing account into your 401K
2006-09-11 07:14:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Check with your 401k company and see if you can add $$ to the fund.
If you're that overpaid, maybe you'd like to open a Roth? That's another $5k a year.
2006-09-11 07:07:58 · answer #5 · answered by words_smith_4u 6 · 0⤊ 0⤋
in the beginning, I would desire to assert that i've got been donning makeup considering i substitute into approximately in 6th grade and that i've got by no potential had every person say something undesirable approximately it (that i be attentive to of//no longer that i'd care in the event that they did). very the massive majority of my acquaintances wore makeup at that factor and if no longer all of them started a twelve months later. 2nd, i've got confidence that each and everybody women are of course captivating of their very own unique techniques, yet that does no longer mean we cant do issues to augment our beauties. added, i've got confidence that donning makeup at 17 is extremely ordinary!! to pass on, It sounds to me as in the adventure that your insecurities surrounding climate or no longer you would be appeared down upon sprouted out of your very own judgement in the direction of different women donning makeup of their little ones and pre little ones. hear, some human beings will look down on you yet maximum persons of folk wont. people who will are likely older people who choose to maintain their little ones youthful and harmless continually, they cant different than the indisputable fact that 17 years of age isn't a 5 twelve months previous. you at the instant are not a toddler anymore, you have been in this earth for 17 entire years, and God above appropriate me if i'm incorrect yet that does look to warrant some sort of bloody administration over what u positioned on your face and donning makeup in case you rattling properly please. If a youthful individual around your age has something to assert approximately it, it substitute into in all probability found out from an older individual of their existence who does no longer understand what it relatively is choose to strengthen up during on the present time and subsequently would desire to easily hush on the entire ordeal. getting to the factor, A 17 twelve months previous lady donning makeup is as bloody suited as a toddler sucking on a bottle. Whats extremely significant is what you think of, what you decide on, darling. Darling, do what you decide on and dangle the others. makeup enthusiasts tip: in case you decide directly to maintain that "sturdy epidermis" , you better do your examine on which makeups are the main suitable, and that i better by no potential capture you dozing with makeup on your face. Use face wash till now mattress each and every night, and then a sort of lotion. you will desire to be sturdy. sturdy success with judgements.
2016-09-30 14:14:50 · answer #6 · answered by fritch 4 · 0⤊ 0⤋
open an individual IRA at any bank/brokerage firm
2006-09-11 07:07:23 · answer #7 · answered by Mike C 4 · 0⤊ 0⤋
I think very few person can solve your answer here , don't mine but you find this in google search here
http://ravi123456.googlepages.com
2006-09-11 07:08:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋