Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
401K Catchup Amount
Old 12-16-2005, 12:56 PM   #1
Full time employment: Posting here.
MikeD's Avatar
 
Join Date: Apr 2003
Location: Leesburg, VA
Posts: 805
401K Catchup Amount

Vanguard only took $3,000.00 for my wife's 401K catchup amount this year. Is that the correct maximum amount? She thinks it should be $4,000.00. They took $14,000.00 for the regular 401K so they reached the max on that.

Thanks,
Mike D.
__________________

__________________
I just want to celebrate another day of livin'
I just want to celebrate another day of life

- R. Earth
MikeD is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: 401K Catchup Amount
Old 12-16-2005, 04:46 PM   #2
Thinks s/he gets paid by the post
Outtahere's Avatar
 
Join Date: Sep 2005
Posts: 1,677
Re: 401K Catchup Amount

Yes it should have been $4000, next year it goes to $5000 and is adjusted after that for inflation.
__________________

__________________

Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
Outtahere is offline   Reply With Quote
Re: 401K Catchup Amount
Old 12-17-2005, 09:36 AM   #3
Full time employment: Posting here.
MikeD's Avatar
 
Join Date: Apr 2003
Location: Leesburg, VA
Posts: 805
Re: 401K Catchup Amount

Thanks. My wife talked to HR and they are taking the remaining $1,000.00 out of her last paycheck! Apparently, Vanguard didn't take the right anount out each pay period. Well, at least HR is blaming Vanguard.

Mike D.
__________________
I just want to celebrate another day of livin'
I just want to celebrate another day of life

- R. Earth
MikeD is offline   Reply With Quote
Re: 401K Catchup Amount
Old 12-17-2005, 09:40 AM   #4
Thinks s/he gets paid by the post
Outtahere's Avatar
 
Join Date: Sep 2005
Posts: 1,677
Re: 401K Catchup Amount

Mike my payroll company did that to me too. They stopped taking any contributions after I hit the $14,000 limit. I called, chewed them a new one let them know the problem and then wrote a check for the catch up.
__________________

Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
Outtahere is offline   Reply With Quote
Reply

Tags
401k


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
500 search phrases for 2006 dory36 Other topics 2 01-16-2007 08:00 AM
Trad 401k or Roth 401k for High Earners Linney Young Dreamers 7 01-01-2007 08:24 PM
Should I do the 401K catchup this year? REDreaming FIRE and Money 8 02-08-2006 08:49 PM
Paying off Debt vs. 401(k) Contributions BigMoneyJim FIRE and Money 4 02-10-2003 11:06 AM

 

 
All times are GMT -6. The time now is 06:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.