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Old 05-12-2011 | 03:30 AM
  #65566  
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hiredgun
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Joined: Feb 2007
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[QUOTE=hiredgun;992590]
Originally Posted by scambo1
What I think you are asking is: If you contribute up to the IRS 415C limit of $49k/yr what happens after that?

Magically, the contribution stops and it is just included in your paycheck as spendable income...which is taxable...so people who don't want to work get to spend money you send to the government, but I digress....
Can't speak for my all my wide-body moneybag homeys but most don't max out (we're constantly talking money on the crossings)...in my case I need the extra liquidity to take the white tigers to the groomer.