How do you make sure your 401k contributions are maximized? If I go to the broker and adjust the contribution % based on my salary and my salary changes, it could get me over or leave me short. Trying to get recommendations and see what has worked for others. Thanks!

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

Better to go over. Your payroll should automatically stop contributing once you hit the max.

For example, if you usually contribute $500 per pay, and at the end of the year you are just $300 under the limit, they will only contribute $300 and you won’t have to worry about being over or under.

like

…it’s an illustrated example…

likehelpful

As long as you only have one employer during the year, they won’t let you over contribute. WHen you reach the max, it will stop taking contributions. If you have more than one job then you need to manage it.

like

Does your employer stop contributions when you hit the limit? If so just put at percentage that is a little over. If not just adjust it as needed throughout the year to get as close as you can by year end

like

What others have said above.

Also, if you weren't aware, it's too late to make any changes for this year.

like

Thanks everyone! Wasn't aware that employer stops anything thats gone over if im with same employer for the year.

It is possible they won’t but I think that is pretty standard

Related Posts

Mamma advisors- I’m 2 weeks from my due date! I’m with a small RIA that’s never dealt with maternity leave before, so the expectations are a bit blurry. Any advice to impart?

like

First year associate, $100K base. Currently living on a $18.5K salary and investing the rest, mainly stocks in the US and some emerging economies. Any recommendations for other sources of investments? Context: I grew up in poverty in a foreigner country, parents make a combined $20K salary to this day, so I’ve never felt the need to live above my means. Coming to the US changed my life, but I still live knowing where I came from.

like

I am thinking of making the jump from SLP to healthcare administration. Looking for insight on pay, job opportunities and job satisfaction. Thank you!!!

like
likehelpful

I have been employed at my hospital for 9 years now and I have had a lot of roles from charge entry, denial, insurance verification etc. While doing this I have taken on an interest in the revenue cycle process. I want to move up the ladder with this. Are there any special skills should I add on to the BS that O have in Healthcare Administration? Should I be applying for Revenue Cycle Manager/ AR positions at this point?

like

Week 11-12, I got Covid (coming out of quarantine now). I’m Moderna vaxed too. Every healthcare professional was like, I’m glad you’re vaccinated. All seems to be Ok. Have my 13 week Nucal next Friday.

like

Where can i apply for internet reimbursement in jpmc? Do we need to check any eligibity for this?

like

Noticed a lot of FSPs made partner this year. Do they have to retire at a certain age because of being a partner since, otherwise, there really isn’t a retirement age per se at our Firm.

like

What are the most important firm benefits to you and why? I mean beyond medical, dental, and vision. What’s your level in the biz?

like

Looking for a new HR opportunity in the Madison, WI area, or remote work. Any leads out there? 19 years experience, SHRM-SCP certified. Tons of employee relations, talent development, benefits, payroll, experience! Still growing in comp administration, and enjoying aligning people strategies to organizational goals and objectives.

like

I’m 52M and looking at divorce with a kid heading to college and one still high school. I agreed to pay for both kids’ college and live a like a pauper for the next 7 years. Any advice?

What are benefits of working in jp morgan apart from ctc and variable pay ?

like

Hi friends. Need one advice
Can we claim tax exemption under section 80D for health insurance premiums if we pay for a policy for our in laws?

I know we can claim for parents but can we for in-laws

like

Moving in July/August and trying to figure out what is a reasonable amount to pay for rent (coming from Texas so everything seems high by comparison...). Salary will be 150k, total comp will be 275-300 depending on performance. Is 2500-3000 on a 1BR prudent?

likefunny

I’m looking for a position with a good organization as a 100% remote case manager. A position that meets my salary requirements and has good health insurance. I love case management and found it when I needed a break from bedside. Any guidance would be deeply appreciated!

like

Which company has the best maternity leave in Canada? From what you have heard / experienced

likehelpful

anyone know why when i go to use miles + cash on united it doesn’t let me use 90% of my available miles?

like

31.5 fixed+annual bonus(10-15%) in India vs 46000 euro gross+benefits in kind for Brussels belgium? They told me that after considering all benefits in kind then net take home would be 4500 euro monthly.

like

Hello! If you had to choose from the following two options, which would you select:

- Georgetown's part-time program (ranked #1 in US, 3yrs): Graduate with 200K in debt
- Application already submitted, results by end of Feb

- George Mason's part-time program (ranked #4 in US, 4yrs): Graduate with 20K in debt (with the possibility of it being $0 debt)
- Application not yet submitted, but thinking about applying ED to a program that offers full tuition scholarship. Deadline: Mid-Jan

like

1st Job - 90k…. Is this a good salary? Late to the game at 34. Don’t even know anything about personal finance. Basically feeling like an 18 year old over here with no knowledge of how to run my own life. Having to start over after long term controlling relationship where I was left out of all the finance stuff. So I’m lost TBH. Engineering makes sense, managing my money not so much.

like

More Posts

Client goes into >$150k in edit overages and counting, and we’re trying to award round 2 of the campaign, Cost Consultant writes me: “I sort of want to shoot myself”. 🤦‍♀️

likefunny

Anyone with insight into the NP pay scale for the major hospital system in northern Michigan?

like

Is it safe and worth to join Birlasoft with 38lpa. I have offers upto 34.5 from other reputed organisations.

First year associate, $100K base. Currently living on a $18.5K salary and investing the rest, mainly stocks in the US and some emerging economies. Any recommendations for other sources of investments? Context: I grew up in poverty in a foreigner country, parents make a combined $20K salary to this day, so I’ve never felt the need to live above my means. Coming to the US changed my life, but I still live knowing where I came from.

like

Drop your classroom management ideas here. For my school it sure is nice to have a principal who supports a no phone policy.

Today is one of those days where life just doesn't feel worth it. I feel like the only reason I didn't kill myself today was because I couldn't find a way to do it in my hotel. I feel bad and then I

likehelpful

Looking for recommendations on the best job search websites

like

Transitioning from line of business familiarity (understanding financial statements) to... real(?) Finance (bonds and cap markets and other debt sales) any advice on books or resources to learn really from step 0?

like

Anybody on here who would consider themselves a digital marketing guru be willing to mentor a 18yr+ B2B marketing executive please?

likeuplifting

Hey! I recently went through an internal interview & got the job with my company in order move into a new role/dept that will introduce me to a PCO/PM career path(I don’t have certs). The dept is in the US and I’m in Canada. They initially offered 55kUSD (73kCAD), i accepted although my CAN-market research had me asking for 65-67kCAD, but after speaking to HR-Canada they retracted and now are offering 57kCAD(42.4kUSD) claiming that’s within the band(which HR won’t disclose and more in comments)

like

Never boring… 😂🤣

Post Photo
funnylike

What are some AWS, Azure or other Cloud learnings worth taking on LinkedIn, Udemy and Cura?

like

Does KPMG have hackerrank test as their first round??

like

If I give my two weeks on a Monday, is the Friday after typically the last day, or the Monday after that?

like

Anyone here work at CrowdStrike and is willing to share your experience, likes/dislikes? Have an interview coming tomorrow.

like

Busted while lounging.

Post Photo
likefunny

Jonesing for my next tattoo

like

Hello! Do you have any advice about International Recruitment Certifications ? I have about 3 years of experience in IT recruitment and looking for a Certification that could be valued in the market.
(Mostly in Canada)

like

Any Directors, Assistant Director, Executive Director from PwC. I need some information regarding the final round/ED round mentioned in my email.
PwC PwC

I am thinking of making the jump from SLP to healthcare administration. Looking for insight on pay, job opportunities and job satisfaction. Thank you!!!

like

Additional Posts in Personal Investment Chatter

I know everyone advises maxing out your 401k for the tax benefits. Does anyone else not do that because of an earlier withdrawal timeline? My goals are more along the lines of FIRE and I plan to be able to retire by 45 (I’m 25 now), that would leave me with nearly twenty years before I could make any 401k withdrawals without penalty. I know I will still need the money if I make it to 65 but the lack of liquidity bothers me.

like

Anyone use Stash ? I have been using it for a little bit. Just super easy. Been curious about their Debit Card that rewards you in stock every time you use it

What do you invest in Fidelity? I see a lot of recommendations for Vanguard (VOO,VTO, etc) but I have my Roth IRA in Fidelity and curious to see what others are investing in. Thanks!

like

I don’t understand what an NFT is, but someone just purchased the Nyan Cat NFT for 300 ETH

Post Photo
likefunny

TESLA stock on a downhill trend ⬇️ on sale?

like

Currently use Fidelity for all@investment accounts and 401(k). Thinking of doing backdoor Roth - does it make sense to open with Vanguard (or somewhere else) or keep with Fidelity? Friends have been advising to not keep it all under one. Thanks

like

What exactly does this mean? Lmao

Post Photo
like

Anyone refinanced recently? What kind of rates and terms?

like

Anyone here using Yieldstreet, OurCrowd, Percent, or CrowdStreet? Any other low-entry PE/VCs? Curious about everyone’s experience.

like
like

What is your favorite book in personal finance/investing?

Living in Chicago, making 98K base. Currently paying $900 in rent but thinking about moving closer to the city to a nicer place (maybe ~$1.7k or a bit more). No debt or other fixed expenses. Cnt

like

My parents thinks love is more important than money but I say otherwise, which is more important to you

funnylike

Soooo...what’s the next $GME?

like

Is it better to contribute to Roth 401k as taxes would always increase in future? If this is true, then what is the benefit of pretax contribution. I am wondering if i should do pre tax or not?

like