Originally Posted by
irrelevant
You can, however, contribute up to 60% of your gross income into your 401k account. With the new 2-year pay starting from day 1 scheme, even a brand new First Officer can max their 401k in their second year...and come reasonably close in their first year if they start the job in January/February.
Eh, don't do this.
If you want to go crazy on retirement savings (which you should do if you can afford it) max out the 401(k) match (because free money is free money, then max out a Roth IRA ($5,500 annually for single filers), then if you still want to go crazy consider a conventional IRA over the 401(k). Depending on your brokerage you should have a lot more investment options available to you rather than just leaving it in the 401(k).