GalaxyBoy
Thinks s/he gets paid by the post
I'm toying with the idea of deferring 100% (after mandatory deductions, like health insurance) to my 401(k) until I reach the limit for the year, when I will make it 0%. This would allow me to ensure I contribute the maximum for 2013 in the event I finally get the gumption to ER next year, or get laid off, (or fired if my attitude doesn't change, possibly ).
I have enough cash on hand (outside of my emergency fund) to cover me for those months I would have no or very little take-home pay.
Anyone else do this? Are there implications I haven't thought of? For example, does it screw up tax withholding for the year?
I have enough cash on hand (outside of my emergency fund) to cover me for those months I would have no or very little take-home pay.
Anyone else do this? Are there implications I haven't thought of? For example, does it screw up tax withholding for the year?