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Money and Finances
Reply to "Maxing out 401k contributions at 18%? "
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[quote=Anonymous][quote=Anonymous]I think "industry" makes a valid point. The fact that OP or better yet her husband doesn't actually know how the plan in which he/she participates actually works and/or doesn't know to talk to the personnel office to find out speaks volumes about the level of ignorance about this stuff generally. [/quote] Except OP had figured out the right answer, once she had all the facts. (And had the sense to question the original plan, since she perceived that she was hearing two different things--percent and $$--and to then vet her conclusion with others.) I think she's on the right track and should continue to learn more, question, and stay on top of these issues. (And yes, like everyone else, I knew that government=employer. I'm a fed and talk about getting paid "by the government" not "by my employer" or "by my company." That's what people say in DC.)[/quote]
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