{ "media_type": "text", "post_content": "How do you figure out what % of your paycheck is the max you can contribute in 401K without exceeding limits? $106K is the annual pay", "post_id": "5e2896c5d33afe00222b06c5", "reply_count": 6, "vote_count": 0, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

How do you figure out what % of your paycheck is the max you can contribute in 401K without exceeding limits? $106K is the annual pay

Posting as :
works at
You are currently posting as works at

It will stop automatically if you reach the limit. Only the case if you don’t switch jobs/aren’t contributing to more than one 401k in the calendar year.

like

Divide the max by 106k. Trick question?

like

What about Roth 401k?

Not sure if serious, but here’s the math anyway. 19,500/106,000 = 18.4%.

likehelpful

Dude it’s the same thing for Roth 401k...

funny

Related Posts

Folks who have left Deloitte - what did you elect to do with your pension? Is there a way to roll the current balance into your 401K?

like

Confusion GE Healthcare or Wipro im confused which one to join, not from brand perspective, but timezone to work. GE need me to attend calls actively and be flexible between 5.30 pm to 9.30 or could stretch to 10pm. Business analyst role, 8.2 YOE, your honest opinion please. Wipro : europe client , offered CTC 24LPA. Salary is not an issue for me

Pls suggest Deloitte: 15 lpa +2 lacs (jb) Citiustech: 18 lpa (including 7 percentage retention pay) Yoe: 4 TechStack : MERN Looking for wlb and brand value. Deloitte CitiusTech Citiustech Healthcare Technologies

like

Are there tangible benefits to a CFA? I’m in sales at a bulge bracket bank.. looking to maybe do something else

like

Does kpmg, pwc, ey or deloitte have any sort of reimbursement policy or support (eg. Sabbatical) for employees who wish to opt for further studies? Can someone help me with the details. TIA

like

Can we discuss the sad state of affairs that is the Publicis maternity/paternity leave?

like

Extremely Urgent !!! Xebia vs Happiest Minds Technologies vs Citiustech Healthcare Technologies Which one to go for as an organization? Please help 🙏

like

To confirm I read this right, is it true that dual degree programs (such as Kellogg MMM) have a 3 year reimbursement timeline vs the normal 2?

What are the benefits that are offered in McK Knowledge Centre India? Leave policy? McKinsey & Company

like

I’ve worked at the same big 3 boutique since I was a clerk. I’m a NEP now. I work in a mid to small market town. One of the partners in one of our larger offices wants me to move to their market. I have a great relationship with this partner and they are telling me they are planning to retire in 5 years. They have a sizable book of business. I have two small kids, my wife is an attorney who practices in state court. I’ll never be more than a well-regarded service partner if I stay. Would you go?

like

So started my industry job a few weeks ago and have been assigned an executive coach. I have no idea what executive coaches do and how one benefits by having one? Any thoughts on how to fully utilize them?

like

They fired an Art Director for speaking up about losing benefits.

likehelpful

How do you pivot from consulting to VC, 2 years healthcare consulting experience

like

When did you retire/do you plan to retire? What did you make sure to have in place first? Any advice to the next generation?

like

Need help! I am a working mom of 2 young kids. I have an offer for about $25k more than I make currently outside of public accounting. It’s 40 hours year round, amazing benefits, with a pension (cont)

How do you roll a pension over into 401k when you leave?

Workday certified with experience in healthcare industry? We have some great career opportunities. DM me if interested

Sidley Chicago - Corporate - Class of 2016 1. Interested in any general info about the office, things to do/avoid, etc. 2. Any benefits to be aware of? 3. Does 401k allow mega backdoor roth? 4. Is there any tech stipend or similar to outfit home office? 5. Any idea how going back to the office will be handled?

like

What is the maternity leave equivalent for ladies that don’t desire children?

like

Folks hows GE Healthcare in terms of payscale? 8.2 YOE , Reporting analytics skill business analyst. Have an offer of 25fixed from other org.

Additional Posts

Is EY GDS different from EY and EY Parthenon? would there be any client exposure?EY EY-Parthenon EY India

like

Manager within Human Capital - 6YOE. What types of roles can I expect to exit to when I hit SM? Worth holding out?

likesmart

Plz help me out fam 🙏

Post Photo
funny

Any thoughts on MidCap Financial?

like

I left an AmLaw100 firm for work-life balance. I had two babies and I was working day, night and weekends. I snagged an in-house job at a F100 company and it was great at first. Over the years my job has changed and I’m now working longer hours than I did at the law firm and not able to give time and attention to my now pre-teen daughters, and they are acting OUT. My husband makes only $55K so the financial burden rests on my shoulder. I’m fucking miserable. HELP. Student loans, mortgage, etc.

like

How much do Financial Senior analysts make at Accenture Federal services?

like

How much are TP seniors making in HCOL? No JD/PhD

like

Anyone feel awkward about the money they make? I don’t boast and most of my friends don’t even know what I do. Just bought a new house and the reaction is really uncomfortable when ppl come over...

like

Hi folks, I have joined Amex recently. I will be getting my laptop on next week. Will they provide Mac or windows.?

Hi, I need help. Boston Consulting Group fish. I just got an offer for senior associate consultant in US. Realistically, what do my chances at succeeding look like and to make it through promotion in 12 months? Will I be fired if i don’t make it ? Everything else I’m happy about.

like

The only crunches I'm doing are the Capn's.

likefunnyuplifting

20 LPA fixed. Please help me with in hand salary.

Post Photo
like

My husband is having his mother stay with us while she recovers from some health issues. Both are expecting me to help her because I am a woman. I don’t know how to handle this, and feel that divorcing him is the only option.

funnylikehelpful

Anyone ever get pigeonholed into a niche industry doing tech implementations? How did you switch careers without having to start fresh?

like

Anyone have experience with Google Workspace and MS Office that can compare the like apps (Excel vs Sheets, word vs docs, etc) ?

like

Almost two years with Deloitte tech consulting. Hypothetically if I left for Slalom, what should I expect to make?

like

For my swimmers out there - any skin care tips for the middle of winter ? I don’t feel there’s enough moisturizer in the world.

like

How is KPMG Digital Trust Cloud security (DT-CDSG) practice. What kind of project they deal with. Would there be international exposure?

like

Folks who have left Deloitte - what did you elect to do with your pension? Is there a way to roll the current balance into your 401K?

like

Hello Fishes!! Is it Possible to reimburse pcr test for covid-19?

funny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal