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Reply to "401k question if quitting work"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Say someone is planning to quit their job (and not seek further employment) in February, can they contribute the whole 18k max in January. Or is it prorated by months employed?[/quote] Depends on your salary :) It was my strategy for years and it finally paid off when I got laid off in February. I was contributing the max allowable (something like 80%).[/quote] +1 Some people do this every year anyway (capitalizing on the time value of money), check the max allowable at your workplace[/quote]
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