It’s September 5th, 2021 and I am just about to open a 401k, offered by my employer (unfortunately, a John Hancock with .84% fees).
Onboarding for this new job, I marked in the NY withholding form (IT-2104) that I would withhold 6 credits in NYC, i.e. $6,000 will be contributed to a deductible account (traditional IRA or 401k etc).
Since tax season is April 2022, how much do I need to contribute?
I'm thinking $6,000/the number of my paystubs up until April 2020; I get paid twice a month, so I assume 6,000/14 (14 = 7 months till April, * 2).
Can I supplement my 401k with e.g. a Vanguard traditional IRA to reach $6,000, independent from my employer?
