Originally Posted by GeeWizDriver (Post 3275975)

They call it a “non-discretionary” contribution meaning you had no choice on the percentage of your FDP that went into the 401K. It doesn’t count against your personal contribution limit ($19,500 or $26,000 for us old farts) but it does count against the overall limit which is $58,000 or $64,500 this year, depending on your age. Theoretically, if you contributed the max (with the company match)and REALLY killed FDP, you might scare that overall limit.

The union is mulling survey data on whether to change the 33% number. Any change would be subject to a ratification vote.

Originally Posted by Das Auto (Post 3276179)

Two questions.

1) Are "old farts" as you put it typically contributing to a conventional 401k, a Roth, or both?

2) Do you really drive a GeeWiz? Because if you do, I hope it's for charity!

Originally Posted by GeeWizDriver (Post 3276289)

1) If you’re over 50, your limit is $6,500 higher for catch-up. But you knew that. I’m in that camp and max the 401k and contribute after tax dollars to a Roth every year. What other people do I don’t know.

2) WTF? Been driving G’s for 29 years if you must know.

Originally Posted by Das Auto (Post 3276441)

https://en.m.wikipedia.org/wiki/REVAi
But they've only been around for 20 years!