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To: re3 who wrote (84407)2/8/2000 8:11:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 86076
 
>when does 401k season end in teh us ?<

I don't know, I've never hunted 401k. Ask Ice- I think he's a hunter. I heard they taste like cr*p, though. So I'm not sure you want any. <g>



To: re3 who wrote (84407)2/9/2000 6:46:00 AM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
ike, perhaps these parameters might help on this issue:

1. maximum contribution to a 401k is 10,000.00 annually.
2. maximum contribution is 25% of salary.

so the point is that people earning say 30,000.00 don't get to the cap by year end due to 2.

say a high earner like a 480,000.00 salary person which is 40,000.00 per month salary...they would reach maximum contribution by the end of the first month...

so...

i guess one would have to have the earning matrix of the u.s. and the 401k habits...but the point is that some people reach 401k maximum contribution and it resumes in january of the next year...

i don't know what one would consider to be the end of the season.



To: re3 who wrote (84407)2/9/2000 9:27:00 AM
From: Ilaine  Respond to of 86076
 
401K money is deducted from paychecks and matched by employers, so that's weekly, bi-weekly, monthly, depends on the individual, and it's invested regularly.

Keogh money and SEP money can be put in on the last day of filing income tax forms, which is April 15, unless the taxpayer gets an extension. I know that for a fact because I've done both.

Not sure what the rule is for other IRAs.