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ty97: 401k contribution limits for 2022 are out.

Posted by decline (aka Decline) Nov 5 '21, 06:38

Elective Deferrals Limits moves to $20,500

Responses:

I was going to sign-up for my company’s 401k… - flavorize Nov 5, 07:18 1
- heh -- nm - Pippy Nov 5, 07:19
ooh! -- (link) - Max Nov 5, 06:58 [youtube]
*updates his spreadsheets* -- nm - znufrii Nov 5, 06:47
IRA contribution limits unchanged :( -- nm - Cowboy BeBaron Nov 5, 06:40 12
- And the BBB Act bans back door contributions. -- nm - spamlet Nov 5, 06:47 11
  - NNNNOOOOO....... -- (edited) - ty97 Nov 5, 07:07 4
    - If you have a traditional you really can't back door without tax leakage. I had to roll mine into my 401(k) to be able to do it. -- nm - spamlet Nov 5, 07:12 3
      - Side effects of Kyndryl may include tax leakage. Do not take Kyndryl if you are allergic to Kyndryl. -- nm - znufrii Nov 5, 07:58
      - Exactly. That's why I avoided having traditional but I want to do something with this (small) pension account, and traditional IRA seems the answer - ty97 Nov 5, 07:13 1
        
        (also, I need to confirm if I really am eligible to roll this pension accounts) - ty97 Nov 5, 07:14
  - F*ck. -- (edited) - znufrii Nov 5, 06:47 5
    - I would imagine but I haven't looked specifically. - spamlet Nov 5, 06:56 2
      - Yup. - znufrii Nov 5, 06:58 1
        
        We just got a Roth option last year. I just split contributions 50/50 and didn't look further. - spamlet Nov 5, 06:59
    - Also banned as a back door contribution. -- nm - Will Hunting Nov 5, 06:50 1
      - Mega backdoor. - znufrii Nov 5, 06:53

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ty97: 401k contribution limits for 2022 are out.

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