Originally Posted by
bruhaha
It takes effect the next payroll so the Mar 15th payroll
i tried to contribute 100% of my pay when I was on first year pay but the system limits you to 60%. When I called payroll and HR to see about setting it to 100%, HR said the limit was not set by Spirit nor Schwab.
next check is paid on the 15th yes, but payroll closes I think around the 8th. So question is when is the latest I can make the change to 60% for it to come out on the 15th check. If the market stays in the toilet the next couple weeks may as well max it out now instead of spread across the year but I’d there is a crazy rally in the next two weeks I’d rather just keep my normal election.
in the big picture it’s not going to matter much but it would be nice to get as much in this year when it’s low