I want to get the most contributions from my employer. Say I earn $100K/30years old. Here are the rules.
Contribute 1-65% of eligible pay, subject to IRS limits
Save in 401(k) on traditional pre tax, in after tax roth 401(k) or combination of both
50% match on first 6% to pre-tax and roth 401(k)
Beyond 6%, match of 3% of annual salary
True-Up Mechanism at end of year
So what should I contribute to 401(k) + Roth to maximize the amount I get from employer? What is the employer contribution in this max scenario.
EDIT: Here is the wording for beyond 6%. "If you contribute more than 6 percent of your eligible pay, COMPANY matches 3 percent of your annual compensation."
Submitted March 24, 2017 at 02:13PM by svngsdude http://ift.tt/2n23S41
