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Reply to "Maxing out 401k contributions at 18%? "
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[quote=Anonymous]"Maxing out" means hitting the annual limit. Divide the 18K by the number of pay periods in a year, and have that fixed amount taken out from each check rather than a percentage. I don't know about the feds, but in the private sector, you can change your contribution at any time. So he can figure out how many paychecks left in the year, how far under 18K he is right now, and do that math. That will ensure equal deductions every paycheck and getting the whole match. (BTW that's a weird way to do the match, but like I said, I'm not a fed.) If you need to be doing more than that, keep doing your IRA, and he can do one too. And if you can afford it, do Roth. [/quote]
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