$56k Max or something like that into employer savings

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Sep 18, 2019
4:11:16pm

stoils All-American

$56k Max or something like that into employer savings

Then backdoor into the Roth 401(k).

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stoils

Bio page: stoils
Joined: Jan 12, 2007
Last login: May 31, 2024
Total posts: 10,690 (44 FO)

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Messages

Author

Time

POLL: How much total goes into your individual 401(k) per year (i.e., your contributions plus employer match)

slappy All-American

9/18/19 3:47pm

No matter what you make, max out that free money employer match

CBaass

9/18/19 3:50pm

<< Deleted >>

Raging Caddy

9/18/19 4:07pm

All of it. Even the .5 match is free money.

slappy

9/18/19 4:10pm

Umm.... there's a max. $18,500

El Fuego

9/18/19 3:53pm

$19k for individual, and employer match doesn't count toward the max.

slappy

9/18/19 3:54pm

You're right... that was last year but anyone getting over 7% match is a rarity.

El Fuego

9/18/19 3:55pm

13% here!

Ozymandias

9/18/19 4:03pm

That's impressive.

El Fuego

9/18/19 4:08pm

RE: 13% here!

slappy

9/18/19 4:10pm

Just curious... does it max out at a certain % of pay?

El Fuego

9/18/19 4:29pm

Don't think so, but I'm not sure.

slappy

9/18/19 4:46pm

Nope, it does not. It is really a great benefit.

Ozymandias

9/18/19 8:32pm

<< Deleted >>

tassell

9/18/19 4:07pm

But that is in place of social security, right?

Ozymandias

9/18/19 4:13pm

<< Deleted >>

tassell

9/18/19 8:29pm

I see. Some public employees have plans that are in place of SS.

Ozymandias

9/18/19 8:33pm

<< Deleted >>

tassell

9/18/19 8:38pm

Probably not, if you are still paying into SS.

Ozymandias

9/18/19 8:42pm

$56k Max or something like that into employer savings

stoils

9/18/19 4:11pm

Solo 401k is about 56k now..

cougfanz

9/18/19 4:23pm

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