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I'm New at this, need advice
- Thread starter bklyngal
- Start date
imported post
I make just under 130k. I rounded the numbers up to make the math easy. I actually contribute 12,860 and the gov't matches 6,430. Sorry if the numbers werent exact. I have capped out and will not get any additional raises except COLA. So I am waiting until 2006, so that I can contribute the maximum IRS allowance.
I make just under 130k. I rounded the numbers up to make the math easy. I actually contribute 12,860 and the gov't matches 6,430. Sorry if the numbers werent exact. I have capped out and will not get any additional raises except COLA. So I am waiting until 2006, so that I can contribute the maximum IRS allowance.
imported post
Sheesh! I guess it's getting to close to the holidays for my retired brain to ponder these things. I just realized - please correct me if I'm wrong - that the total IRS cap on elective deferrals (14k) does NOT include agency automatic or matching contributions,since that isn't part of your pay, right? Man... Sister Liliosa would havesmacked my knuckles for that one!'
o'
Y'all have a GREAT holiday....
Jim
Sheesh! I guess it's getting to close to the holidays for my retired brain to ponder these things. I just realized - please correct me if I'm wrong - that the total IRS cap on elective deferrals (14k) does NOT include agency automatic or matching contributions,since that isn't part of your pay, right? Man... Sister Liliosa would havesmacked my knuckles for that one!'
o'Y'all have a GREAT holiday....
Jim
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