IRS announces 401(k) limit increases to $20,500

Re:IRS announces 401(k) limit increases to $20,500 by spiderice on Thursday November 04, 2021 @10:22PM (#29114783)

Does this mean that I can contribute $20,500 personally, and my employer can still contribute more on top of that?

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Re:IRS announces 401(k) limit increases to $20,500 by pseudoramble on Thursday November 04, 2021 @10:30PM (#29114844)

Yes that’s exactly it. There may be other more complex scenarios where it matters too but this is the most common reason for it I see at least.

In other words, it’s hard to reach the true 401k cap even with huge contribution amounts from everywhere.

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Re:IRS announces 401(k) limit increases to $20,500 by nemo44x on Thursday November 04, 2021 @10:24PM (#29114796)

Yes. 20.5 is your limit but employer can match.

401k match is > than stock options in most cases long term. Of course options can be a lottery you win sometimes.

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