2007-09-04 14:51:13 · 4 answers · asked by Bill K 1 in Business & Finance ➔ Investing
You didn't list your age. $15,500 under age 50. Add another $5,000 if you are over 50.l
2007-09-04 15:00:29 · answer #1 · answered by cleeroberts@sbcglobal.net 2 · 0⤊ 0⤋
One of the most common retirement plans is the 401 K. In a 401 K, some amount is deducted monthly from your pay check. The money is tax deferred and so you do not pay taxes on the amount invested. Usually there are various investment choices like mutual funds, stocks, bonds etc. In some cases, the employer will match the employee’s contribution to the account, though these instances are decreasing.
http://debts-to-wealth.com/category/Retirement-Planning.html
2007-09-05 00:37:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That is spelled out in detail in your employee handbook (and varies from company to company).
Only your HR department (or the handbook) has the answer .
Ask them . . .
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2007-09-04 14:59:15 · answer #3 · answered by kate 7 · 2⤊ 0⤋
as much as you want
sometimes a roth will let you put in $2K a year tax exempt I think
2007-09-04 15:18:25 · answer #4 · answered by Anonymous · 0⤊ 2⤋