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Re: What exactly does "max out the 401k" mean?

As others have mentioned, most people consider the pre-tax $17,500 to be "max out". The ability to go beyond that is plan specific. Not all 401k's allow "after tax" contributions that would be necessary to reach the $51k cap. Many 401k's will only allow you to contribute a certa...
by 401k Educator
Sun Aug 11, 2013 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What exactly does "max out the 401k" mean?
Replies: 26
Views: 3543

Re: "Getting Things Done"-David Allen

I started off my year by reading this book and I'm glad I did. 8 months in and I'm still learning to adopt a fully functional system but I'm way more organized and efficient just by the changes I've made so far. He recommends to reread the book a few months after the first time through to further tw...
by 401k Educator
Sun Aug 11, 2013 6:37 pm
 
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 15
Views: 2827

Re: IRA roll over

As far as the Federal Government's and IRS rules goes you can do a full or partial rollover of your funds. However, I would double check with your old employers as well as new employers HR/(Insert the department that handles it for your company) departments to make sure their are not any rules speci...
by 401k Educator
Tue Jun 25, 2013 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA roll over
Replies: 4
Views: 162

Re: Unusual Credit Union CD Terms

When I was working as an in branch banker (at a bank in the Northeast who's owned by RBS) they introduced a "breakable" CD to entice people to purchase CD's in the low-interest environment we were in. So when they were rolling it out to the bankers they made sure their was some internal fa...
by 401k Educator
Tue Jun 04, 2013 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Unusual Credit Union CD Terms
Replies: 13
Views: 1555

Re: Should the employer enforce 401k/403b contribution limit

Many 401k plan providers will do a semi-annual "402g Test" to make sure that participants aren't contributing too much. From my experience I have never seen a payroll company conduct this test. It was always done by the plan's trustee (ex. Wells Fargo, Vanguard, etc.).
by 401k Educator
Mon May 06, 2013 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Should the employer enforce 401k/403b contribution limits?
Replies: 17
Views: 2092

Re: Buffet says no to bonds - recommends equities and cash

Even at his age I think he's still of sound mind and a worthwhile resource.
by 401k Educator
Mon May 06, 2013 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Buffet says no to bonds - recommends equities and cash
Replies: 70
Views: 7338

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