We should just keep upping our 401k contributions, right? My husband and I are in a solid place financially and wondering if there’s anything else we should be doing to maximize our situation, despite being fairly risk-averse. We are in our mid-30s. No children, still a bit unsure if we ever will but for now planning as if not. We like to spend our money on vacations, a couple moderate hobbies, and the…

What happens if I have both pre tax and post tax contributions in a 401(k)? My organization is changing its sponsored retirement plan from a 403b to a 401k with a new brokerage. I have set up the new account to contribute up to the match with post tax, so roth. My current 403b has pre tax contributions and I am wondering what happens when I rollover the 403b to the 401k. I guess I’m wondering when it comes time to withd…

Post tax HSA contributions I’m new to HSAs. I just started one in October and have $200 a month being put in pre-tax. When it reaches $1000 I can start earning with it. Well, I came into a bit of money over Christmas and I’m wondering if it would be advantageous to put some of the money into my HSA. The detail I’m really wondering about is will this reduce my income tax l…

Roth 401k Contributions – should I match the employer match or go above/down? 32m, annual – $59,500, hoping to get a second opinion and some potential clarity – My employer 401k is through Merrill Lynch; verbiage regarding employer contributions is: “contributes an annual discretionary contribution to both your 401(k) and ESOP accounts. Historically, these contributions have equaled 5% of employees’ annual salaries — a 1%…

Donor Expected to Admit to Making Illegal Contributions to Adams Federal prosecutors said they planned to charge a businessman who has close ties to New York’s Turkish community with conspiracy to commit fraud.

Rectifying HSA contributions when spouse had FSA Well I read a post on here the other day that if your spouse has a general health FSA(not limited or dependent FSA), that apparently you cannot contribute to an HSA. No matter if you have separate employers, insurance plans, or filing status single vs married. My limited new understanding is because with a general health FSA, it “can” be used fo…

You Can Max Out Your IRA Contributions for Longer Than You Might Think If you haven’t hit the contribution limit for 2024, you can still add to your account after the new year.

Laid off, should I reduce 401k contributions? Laid off yesterday and severance includes salary until Feb 1. Should I reduce my 401k to zero or by another amount? Early 40s and have about $450k for retirement. Work in tech and concerned job search may take a while. Have a mortgage, no kids/pets, senior parent lives with me. Edit: thank you all for the speedy advice! This thought just popped …

Employer not depositing any 401k contributions I work at a small company (about 25 people) in Massachusetts. Earlier this year, we started a 401k. Everything went fine until about mid June when I got my money pulled from my paystub for my 401k but the money wasn’t going into the account (both my money and their match). This has been going on for six months and despite them pulling from my pa…

Should I pause my 401k contributions to help cash flow medical bills? I (34 f) was recently diagnosed with breast cancer and know I will have lots of medical bills over the next few months while undergoing treatment. For the majority of my career I contributed 18-25% of my pay to my retirement and am currently sitting at about $280k. My husband (34 m) works for a city as a director and is set up to have a really n…

Why is 15% recommended for retirement contributions? It seems like it’s the magic number on everywhere I read submitted by /u/sepasi_

Cut 401k contributions to boost savings? Hi, I’m 45 and just hit $175k in 401k and am playing catch up i know. I also only have $33k in liquid cash savings. I have no formal degree and always wory about my future in marketing. I finally hit 6 figures two years ago and bumped my contributions from 8% to 10% , my company matches 4%. I was thinking to cut my contributions to 5% so I still…

My employer is really late in matching my 401k contributions from 2023. Am I entitled to interest? My employer has a 401k program that matches 5% and I put in about 20k in 2023. My income for 2023 was about 200k. They match once a year and in numerous places it says they pay the match in March. The company delayed and said they would pay it in October. Then finally they delayed again and said it will be paid in December. This is a company-wid…

Roth IRA contributions to 403(b) My organizations open enrollment period just opened and I noticed something new in the benefits. “Roth IRA Contributions: Employees now have the option to make additional Roth (post tax) contributions to the 403(b) plan. The limit on annual contributions is $7,000.” Is this a mega backdoor Roth? I already plan to contribute the max ($23,500) to …

Roth / Post-Tax Contributions Recently was presented with this scenario and I’m hoping Reddit can help. Thanks All! Scenario: 1. Contributed the maximum amount in a 401(k) from a private job. 2. Income limit is too high for a Roth IRA. 3. Own a small business with two Solo 401(k), one is Roth and one is Traditional. 4. Emergency fund, HSA, and non-retirement accounts are all…

Roth contributions and conversions…need help! Hi all, I run a one man S-Corp consultancy, generating approximately $350k/yr. Im single head of household (if that matters). I’m finally in a position to effectively contribute and boost my retirement savings, but feel confused by the various nuances, so looking for some guidance. I believe a solo 401(k) is the right product to setup vs a SEP a…

How can you ensure that one doesn’t exceed the IRS limit for 401k contributions? If you contribute a certain large percentage of your paycheck, what happens if you go over even $100 over the $23k limit? How can you contribute exactly $23k? submitted by /u/CookieEnabled

Maxing out 401(k) contributions I’m planning to contribute the maximum amount to my Fidelity 401(k) this year. I’m eligible for the catch-up contribution, so my total contribution will be $23,000 + $7,500. I’ve been specifying a fixed amount going into the regular 401(k) and 0% towards catch-up. I’m getting very close to $23,000. When my contribution exceeds $23,000, will the …

How to figure out 401k contributions from past employers 32F here, trying to get my finances organized and figured out after a long period of time of not caring. I was curious how you find out how much you have in a 401k from a previous job, and can that all blend together with current jobs 401k? I’m not sure how it all works. TIA submitted by /u/kel_noelle

What would you do in my situation for 401k contributions? So I started a new job at the beginning of the year, and I’m starting to reconsider what I should contribute to my 401k. I make $75000/year and my company contributes 4% automatically and an additional 3% if I contribute 6% of my salary. That brings the total to 13% between my contribution and my employer’s match. I’m wondering if I should try …