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Reply to "Stupid 401K question"
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[quote=Anonymous]What happens if you hit the 18K threshold in Nov? Do the automatic deductions just stop until the next year or do you have to call the company and change the percentage? Or does this vary from place to place? I just realized that if my current deductions continue, I am on track to max out before the end of the calendar year and just wondered if I have to do anything to avoid accidentally contributing 20K. There are presumably mechanisms in place with most 401K managers?[/quote]
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