When Can I Make Withdrawals From My 401k?
April 1, 2010 by Pete Mitchell
Filed under All Posts, Your 401(k)
When Can I Make Withdrawals From My 401k? Right now I have been getting a lot of questions from people asking, “When can I start taking money out of my 401k?” I think a lot of it has to do with the current state of the economy and people are just trying to find more [...]
How Much Can I Contribute to My 401k?
March 30, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
One of the questions that I get a lot is, “How much money can I actually contribute to my 401k?”
The answer to that is a little bit more complicated but I’m going to give you the loose guidelines, if you will. The basic guideline is this: You can put away, as an individual, $16,500 a year into your 401k. Now, if you’re age 50 or older, you’re able to do a catch-up of an additional $5,500 per year into your 401k.
