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.