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401k catch up
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401k catch up
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Can a 52 year old who just woke up to the catch up rule, withhold more this year than the 5500, to catch up for 2 years he missed? Thanks
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Forums  »  Topic Forums  »  Benefits & Compensation  »  401k catch up

401k catch up

posted at 2/12/2009 11:28 AM EST
Posts: 37
First: 4/5/2006
Last: 7/20/2010
Can a 52 year old who just woke up to the catch up rule, withhold more this year than the 5500, to catch up for 2 years he missed? Thanks

401k catch up

posted at 2/13/2009 3:38 AM EST
Posts: 2146
First: 2/15/2006
Last: 9/14/2011
No, it is my understanding that is a calendar year limit, regardless of how many years they are trying to catch up for.

http://www.401khelpcenter.com/catch-up_contributions.html

http://www.money-zine.com/Financial-Planning/Retirement/401k-Contribution-and-Catch-up-Limits/
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