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I have a 50% 401k contribution set up for Profit Sharing but none was contributed on this upcoming Oct 3rd payment. Anyone else have this problem? I'm hearing something about a 24-hr window and having to make a special election for this upcoming event -- if that's the case what's the point? Shouldn't they just look at your "default" profit-sharing contribution amount?
Disregard. Just read the R&I Report. Great that we're getting the money. Not so great that we can't contribute to the 401k like normal profit-sharing. |
Originally Posted by Pineapple Guy
(Post 1735940)
Raging,
You can't put in more pre-tax or Roth, but you can make after-tax contributions, commonly referred to as "401(A)" contributions. These are after-tax contributions whose earnings will be tax deferred. However, after you do that, if desired, you can elect to roll those out with the original contributions being rolled to a Roth IRA, and the earnings rolled to a normal IRA. It essentially permits you to make Roth contributions beyond the $17.5 limit, so long as you do the two-step process. |
Originally Posted by Alan Shore
(Post 1735561)
You were inversely assigned into X-days and received no additional pay over your guarantee? That must have been long before the current reserve GS/IA pay system came into being.
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Originally Posted by Timbo
(Post 1736221)
It happened in Dec. 1989. No extra anything. Where were you working then Alan?:rolleyes:
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Originally Posted by Hrkdrivr
(Post 1736139)
Where do you find it?
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Originally Posted by Timbo
(Post 1736221)
It happened in Dec. 1989. No extra anything.
Originally Posted by Timbo
(Post 1736221)
Where were you working then Alan?:rolleyes:
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Originally Posted by bohicagain
(Post 1736252)
Mine was showing earlier went back to show the wife and it has been pulled
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Originally Posted by Vikz09
(Post 1736265)
A little advice my friend. Never show your wife the PS/bonus money. You do you best to keep that secret.
The government will take 33%+ of it in taxes. Your wife will spend 100% of it, because all she she's is the big number. You will have 33% less money in your checking account than you had before the bonus…. ……but, at least you have a new couch. :o |
Originally Posted by newKnow
(Post 1736275)
Once you show you wife, it becomes simple math for your bonus check (gross):
The government will take 33%+ of it in taxes. Your wife will spend 100% of it, because all she she's is the big number. You will have 33% less money in your checking account than you had before the bonus…. ……but, at least you have a new couch. :o |
Originally Posted by Vikz09
(Post 1736265)
A little advice my friend. Never show your wife the PS/bonus money. You do you best to keep that secret.
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