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My last company allowed employees to put in 60%. This was incredibly handy for me in my retirement year (2005), when I worked part time for only part of the year. I was still able to max out my 401k--thanks also to being able to take 401k contributions from my final payment for unused vacation days.
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You can't always get what you want, but if you try sometimes, you might find you get what you need.
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