Thread: IRS Limits?
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Old 08-28-2017 | 03:06 PM
  #8  
jumppilot
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Originally Posted by zulu
It's $60K for us geezers. $54K for the under 60 crowd.

The 5% contribution should keep you safe, $270K is the max income basis this year:

$18K(401k) + $6K (CU) + 270K*.08 (B plan) + 270K*.05 (after tax) + $500 (401k match) = $59,600 which squeezes you in under the $60K cap.

Same math works for the youngsters, since they don't get the $6K catchup but are also limited to $54K. 5% after tax keeps you safe (this year).


Edit: Sorry, looks like you found the answer while I was gonkulatin'.
50 is the catch-up contribution limit age.

Is there a reason why FedEx pilots don't want to contribute more than the 415(c) limits?
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