Wiresandmore
Registered User
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Hi
I turn 55 next year and therefore can contribute from Jan 1 at 35% of 115000 = 40250
To check:
This is only the employee side? In other words, the matching employer contributions (in my case 7%) do not count towards this?
To work out my max AVC, I take my salary *0.07 and subtract that from 40250 (and then convert to monthly)?
Thanks
I turn 55 next year and therefore can contribute from Jan 1 at 35% of 115000 = 40250
To check:
This is only the employee side? In other words, the matching employer contributions (in my case 7%) do not count towards this?
To work out my max AVC, I take my salary *0.07 and subtract that from 40250 (and then convert to monthly)?
Thanks