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Maximum 401(k) contribution

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What is a 401(k)? What is the maximum an employee can contribute in one year? If your employer stated that they would match your contributions up to 50 percent, and how much would you contribute?

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Solution Summary

The expert determines what is the maximum 401(k) contributions. How much the expert would contribute is determined.

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401(k)s are retirement plans often offered in lieu of pension plans. They require that th employee contribute some of their earnings to an account which is strictly for their use upon retirement. In addition, many employers match a portion of the contributions employees. These matching ...

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