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Originally Posted by alnorth
Hmm... dont know if there is a limit, but I wouldnt be surprised.
If not, youd be unofficially capped on that match anyway. A really generous match would match up to 6% of salary. If 6% is 16k, your salary would be almost $270,000. Most senior managers and executives making that kind of money routinely get love letters from the IRS saying that they are classified as a "Highly Compensated Employee", and thus are only allowed to contribute a smaller amount well under the federal limits, so their match also goes down.
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So if you make a lot you aren't AS eligible as if you were making a lower income... interesting...
I'm still trying to learn the differences between the IRA and 401k after the employer stops matching or if they don't (as in luv's case).
Moooo