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NJ for Families in 21 and Beyond

Old 08-08-2021, 02:29 PM
  #51  
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Originally Posted by GeeWizDriver View Post
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.
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!
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Old 08-08-2021, 05:33 PM
  #52  
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Originally Posted by Das Auto View Post
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!
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.
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Old 08-09-2021, 05:35 AM
  #53  
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Originally Posted by GeeWizDriver View Post
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.
https://en.m.wikipedia.org/wiki/REVAi
But they've only been around for 20 years!
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Old 08-09-2021, 06:33 AM
  #54  
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Originally Posted by Das Auto View Post
https://en.m.wikipedia.org/wiki/REVAi
But they've only been around for 20 years!
LOL

Never heard of them before.
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