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5 answers

The 15,500 is source specific. That is the Annual Deferral Limit. In addition to that, anyone over age 50 at any time during 2007 can contribute an additional 5,000 (this one didn't index upwards).

An earlier answer regarding the employer matching as much as they want is somewhat misleading. The maximum that can be contributed on your behalf (you and your employer) into a Defined Contribution plan is $45,000. So your employer contribution amount is limited somewhat.

2007-01-02 06:19:33 · answer #1 · answered by digdowndeepnseattle 6 · 0 0

You can contribute $15,500 in 2007. The company can match as much as they want on top of your contribution (as long as they match equally for all employees).

2007-01-02 02:58:21 · answer #2 · answered by MR MONEY 3 · 0 0

this could be an common one. If the international gets too warm, we've shown that we are able to proceed to exist it with the aid of fact the "Cradles of Civilization" have been in warm, dry aspects. If the international gets chilly, then we've already shown that we are able to stand up to ice a protracted time, and that's with out any "extreme" technologies. If the international gets overpopulated, it somewhat is going to, out of necessity, stability itself out. i do no longer think of we ought to rigidity approximately surviving the subsequent a hundred years. the real question is a thank you to we shop the subsequent a hundred years from turning out to be the subsequent dark Age.

2016-11-25 22:23:32 · answer #3 · answered by bustamante 4 · 0 0

That doesnt include employer contribution. That is the amount you can contribulte

2007-01-02 02:46:31 · answer #4 · answered by hank 3 · 0 0

i'd advise you to call your accountant or tax preparer. If you don't have either call your local H&R Block office and just ask that question. They should be able to advise you.

2007-01-02 02:44:20 · answer #5 · answered by oldman.rm 1 · 0 0

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