dessert
Full time employment: Posting here.
I am reading the latest version of "Bogleheads guide to Investing". On page 132 it says that the 401K contribution limits for 2008 are $16,000 with $6,000 for "catch up" limits for us over 50. I was really surprised to see this because I have already been limited at $20,500 for the year (401K with Fidelity). I doubt Fidelity would make a mistake on this but I will call them tomorrow to make sure. If this is true then I still have time to add more.
I am thinking that the Bogleheads book just had an error in it's information.
Other than that, I recommend the book to others. I know it is basic but if that is what you are looking for this is a pretty good source of investing information.
I am thinking that the Bogleheads book just had an error in it's information.
Other than that, I recommend the book to others. I know it is basic but if that is what you are looking for this is a pretty good source of investing information.