Noob question, but please help me out 🐟- For a personal reason, I didn't make any 401k contributions this year. Now I want to hit as much as possible of the 18k limit. If I set my contribution -contd

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Lol no, I'm just an associate.... 😂

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Can you even put the contribution % past 30?

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% to 100% for the next few pay periods to make it up, is there any drawback? Secondly, specifically for the PwC fish - if I set this limit now, does this mean my entire bonus at the end of September will go into my 401k account without a single dollar deducted? 😱

If you set it up now, you'll lose your bonus to 401k. You should set it up to 50% and let your bonus amount add it up to make the 18k requirement. Will be faster.

Err yeah the PwC 401k portal lets you....

There is indeed a maximum percentage. It is typically 50% of your net pay. Regarding the bonus question, the bonus is still subject to Social Security and Medicare so not a 100% would go to retirement.

P1 I don't understand - what do you mean I'll "lose it" to 401k? I'm trying to put the entire amount of my next few paychecks, including the bonus, to 401k. Is there a drawback to that? Before you ask, I have enough in my checking account to manage expenses for that period lol

Then you should be fine. I thought you wanted to retain some of your bonus. Then 100% should be okay. But won't you max out in a month?

BCG1, that's a good point

I understand that an "excessive" *post* tax 401(k) contribution in a single year can trigger a disbursement requirement from the IRS, but that seems to be a very unlikely issue here.

You can up the max. But just remember you already lost out on firm match for first 6 months (minor, but not nothing ).

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