401k Catrchup for 2015

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InvestoGuy
Posts: 151
Joined: Thu Feb 11, 2010 1:34 pm

401k Catrchup for 2015

Post by InvestoGuy » Mon Dec 21, 2015 4:21 pm

Hello,
I switched jobs last year in Nov and my new company only started to offer a 401k this year in Nov. Therefore, I am no where near the $18,500 limit for the year. I am under 50, but is there a way for me to catch up in my 401K contributions for the year 2015. I am considering an IRA, but just wanted to check on 401K.
Thanks.

livesoft
Posts: 58262
Joined: Thu Mar 01, 2007 8:00 pm

Re: 401k Catrchup for 2015

Post by livesoft » Mon Dec 21, 2015 4:27 pm

Change your contribution level to 100% of your paycheck if your firm allows it … otherwise to the maximum allowed.
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Makaveli
Posts: 489
Joined: Mon May 19, 2014 11:18 pm

Re: 401k Catrchup for 2015

Post by Makaveli » Tue Dec 22, 2015 3:07 pm

InvestoGuy wrote:Hello,
I switched jobs last year in Nov and my new company only started to offer a 401k this year in Nov. Therefore, I am no where near the $18,500 limit for the year. I am under 50, but is there a way for me to catch up in my 401K contributions for the year 2015. I am considering an IRA, but just wanted to check on 401K.
Thanks.


At your age, 2015 limit is 18k.

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