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money:taxes [2020/01/07 09:26]
admin
money:taxes [2020/01/17 14:49] (current)
admin
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 === Notes from Inside Blue === === Notes from Inside Blue ===
 +<​blockquote>​After-tax contributions will be stopped at the IRS annual additions limit ($57,000, or $63,500 if age 50+ for 2020) if the sum of your year-to-date pre-tax/​Roth contributions,​ the year-to-date pay-period 401(k) match, and your year-to-date after-tax contributions reach that limit during the plan year.  Your pre-tax/​Roth 401(k) contributions and the applicable pay-period 401(k) match will continue until you have reached IRS limits for those items ($19,500, or $26,000 if age 50+ for 2020 for your pre-tax/​Roth 401(k) contributions). ​ </​blockquote>​
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 https://​intel.usretirementchanges.com/​1-learn-about-the-changes/​401k-after-tax-contributions-and-roth-in-plan-conversion https://​intel.usretirementchanges.com/​1-learn-about-the-changes/​401k-after-tax-contributions-and-roth-in-plan-conversion
  
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 To estimate your potential after-tax contribution maximum, you need to start with the IRS annual additions limit (above) and subtract your anticipated pre-tax/​after tax contributions (max $19,000, or $25,000 if age 50+ for 2019), estimated match (maximum 2:1 on pre-tax/​Roth contributions up to 5% of eligible pay). What is left is your estimated potential after-tax contribution. Because your regular pay and/or bonus exact amounts are not known in advance, your after-tax deferral election for regular pay and/or bonus requires you to make your best estimate. ​ If you have a financial advisor, consider engaging them to help with your estimate.</​blockquote>​ To estimate your potential after-tax contribution maximum, you need to start with the IRS annual additions limit (above) and subtract your anticipated pre-tax/​after tax contributions (max $19,000, or $25,000 if age 50+ for 2019), estimated match (maximum 2:1 on pre-tax/​Roth contributions up to 5% of eligible pay). What is left is your estimated potential after-tax contribution. Because your regular pay and/or bonus exact amounts are not known in advance, your after-tax deferral election for regular pay and/or bonus requires you to make your best estimate. ​ If you have a financial advisor, consider engaging them to help with your estimate.</​blockquote>​
 === Notes from Fidelity RIPC setup === === Notes from Fidelity RIPC setup ===
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money/taxes.1578417983.txt.gz · Last modified: 2020/01/07 09:26 by admin