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msnasti2u
New Member

I contributed to much to my 401(k) for 2016. How do I correct this?

 
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PaulaM
Expert Alumni

I contributed to much to my 401(k) for 2016. How do I correct this?

Withdraw the excess contribution plus any earnings before 4/18/17 to avoid the penalty. Contact the plan administer to correct.

http://www.doughroller.net/retirement-planning/happens-contribute-401k/

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1 Reply
PaulaM
Expert Alumni

I contributed to much to my 401(k) for 2016. How do I correct this?

Withdraw the excess contribution plus any earnings before 4/18/17 to avoid the penalty. Contact the plan administer to correct.

http://www.doughroller.net/retirement-planning/happens-contribute-401k/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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