Originally Posted by
XtremeF150
All this is correct and the 415 limit this year is suppose to be 52,000. So if one's only goal was to save for retirement they could shovel a ton of money into that account. 15% + (employee contribution)
Plus profit sharing, which you can choose to allocate to your 401 I believe. While that's harder to predict (and may go way down or away entirely) so far its been quite nice. 8% this year, I think 6% the year before that, etc.