I bumped up my 401K contribution near the end of last year and realized that I just fell under the max for 2017; which means I'm confident that at my current contribution rates I'll hit the 2018 $18,500 401K limit about October. I've never hit the maximum limit and I'm unfamiliar with what happens after the limit is reached.
My company uses Fidelity as it's 401K provider and when I log in, Fidelity clearly shows "You can contribute $xx,xxx more in 2018".
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Does anyone know if Fidelity will stop making 401K withdraws at the limit? Would the last one be a partial pull to bring the total to 18,500 exactly?
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My Company has a match on the first 6% contributed. Does that mean if I max out early because I saved to much, that I would loose the 6% match for November and December's pay periods (since no further contributions could be made).
I'm really trying to understand if it's in my best interest to make sure I hit $18,500 at the end of December, or if it really matters, just as long as I do it at some point during the year.
Submitted March 15, 2018 at 10:56AM by BrainsDontFailMeNow http://ift.tt/2Itnb1c
