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by 401k Educator
Sun Aug 11, 2013 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: What exactly does "max out the 401k" mean?
Replies: 26
Views: 3771

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 5:37 pm
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 15
Views: 2859

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
Tue Jun 25, 2013 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: IRA roll over
Replies: 4
Views: 178

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 04, 2013 7:44 pm
Forum: Investing - Theory, News & General
Topic: Unusual Credit Union CD Terms
Replies: 13
Views: 1571

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
Mon May 06, 2013 12:36 pm
Forum: Investing - Theory, News & General
Topic: Should the employer enforce 401k/403b contribution limits?
Replies: 17
Views: 5340

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 12:24 pm
Forum: Investing - Theory, News & General
Topic: Buffet says no to bonds - recommends equities and cash
Replies: 70
Views: 7562

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.

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