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KFC911 KFC911 is offline
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Join Date: Apr 2002
Posts: 30,942
Re: 401k experts - question

Quote:
Originally posted by Porsche-O-Phile
...My question: I know I can contribute up to $4,000 per year (pretty sure, might be $5,000 now) to a 401k, but I obviously got a lot more than that contributed from my old employer because of the profit sharing and the contribution matching. Is there any way to "pay myself" as an employee of my own company or something in order to get around the $4,000 limit?
Do you really mean a 401k for your limits? I know the 401K personal contribution limit was 15K in 2006 (for most folks), but I think you're really referring to the limits for IRAs etc. I do not have an answer to your question...

Last edited by KFC911; 03-22-2007 at 10:13 AM..
Old 03-22-2007, 10:11 AM
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