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Reply to "When people here say their 401ks are “maxed”…"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I assume it is the IRS maximum, which is $69K in 2024 for those under the age of 50. Anyone referencing only the employee contribution limit is being intentionally misleading in an attempt to seem like a super saver. [/quote] That's a stupid take, and you know it. [/quote] No, it is the honest take. I understand that many posters on [b]DCUM are lawyers and, therefore, possess very liberal definitions of truthfulness and integrity[/b]. However, most people understand that maxing out a 401k requires maximum employee AND maximum employer contributions. It’s no wonder there are so many tall tales in this forum. People claiming to make 7 figures, for instance, but in only a single year…the majority of which was an inheritance. Normally, they’re pulling an HHI of $400K at best. [/quote] Go troll somewhere else. [/quote]
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