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question everything

(50,660 posts)
3. $19,000 with a $6,000 catch up if older than 50
Mon Nov 4, 2019, 08:55 PM
Nov 2019
https://www.goodfinancialcents.com/401k-contribution-limits/

Not dependent on the company match, but it makes sense to contribute at least the amount where you will get the maximum match.

Most people do not contribute the maximum, but if the match is a certain percentage up to, say $5,000 it makes sense to contribute at least that amount - if you can afford.

People often forget that contributing to 401K reduces their taxable income and their take home will not be reduced by the amount contributed.

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