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Retirement tax questions
@DatBio wrote:
Question: if I have not yet maxed out my 401k contribution, is it okay to contribute to 401k AFTER TAX portion?
The reason I am doing this is that my company match is only for 401k contribution but not for catch up contribution. If I max out my regular 401k contribution, I will lose some of company matching.
You can contribute a maximum of $23,000 per year by salary deferral (or $30,500 if over age 50). It doesn't matter whether you contribute to a pre-tax 401k account, a designated Roth 401k account, or a combination.
‎August 19, 2024
11:17 AM
15,400 Views