Comments on: 2009 401k/403b Maximum Salary Contribution Limits

By: Kay Ag

Kay Ag — Thu, 24 Dec 2009 03:19:44 +0000

@ Matt
What is the limit for single persons? it is same 16,500 for 401K limit it really doesn’t matter if you are married or not. even if you are married both spouse can contribute 16,500 each to their 401K account.

David,

yes you can not contribute to your employer sponsored retirement A/C more than 16500 in any combination. in addition to 401K you can open roth IRA and contribute upto 5000

By: Evie

Evie — Sun, 25 Oct 2009 01:59:20 +0000

Mike, who commented on March 6th:

Your contribution limit, personally via payroll contributions, into a 401k is $16500. The limit including matching or any other employer contributions is $49000.

By: David

David — Tue, 19 May 2009 11:50:32 +0000

As of this year, I have multi jobs at the same time. Right now, I will have 401(k) contibutions, 403(b) contributions bi monthly. Is the sum total for pre-tax and roth into each account; as well as the sum of both 401 (k) and 403(b) employee contibutions limited to $16500 for 2009? (roth 401(k) +pre-tax 401(k) + pre-tax 403(b) <= 16500 for 2009)?
My personal business should be up and running later this year, what about a self employed 401(k) added to the above?

By: Mike

Mike — Fri, 06 Mar 2009 21:24:48 +0000

Can anyone confirm if the $16500 limit includes both your own contributions and the company match, if any? All these years, I’ve been under the impression that the 401k limit includes all contributions, regardless of the source, but I recently got a newsletter from my company indicating that the limit applies to personal contributions only. Thanks for the heads up!

By: klein

klein — Thu, 22 Jan 2009 21:25:02 +0000

Wouldn’t it be nice to be in danger of going over my contribution limit?

By: Matt

Matt — Thu, 22 Jan 2009 19:53:14 +0000

What is the limit for single persons? Everywhere I’ve looked online I’ve only found the contribution for married couples.

By: J. Money

J. Money — Thu, 22 Jan 2009 17:40:17 +0000

Yeah, i’m totally digging that $1k increase in 401(k)s! Our company still matches 100% of 100% you put in (up to that max. amt), so i’m taking full advantage until that benefit goes away…which is always an option w/ the economy these days

By: Mike H

Mike H — Thu, 22 Jan 2009 16:10:53 +0000

Johnathan,

Have you considered that the first money you take out in retirement will be taxed at 0% and 10% if rates stay the same? So if you put all your money away at 15% or more right now, you could be losing tax money on several thousand dollars of withdraws in retirement. Just something I wonder if people consider.

By: mh1

mh1 — Thu, 22 Jan 2009 15:45:23 +0000

I’ve been itching to know the answer to this semi-related question, but can’t seem to find a valid answer and am always told to refer to an accountant in the end. I’ve a Solo 401(k) with $0 contributions thus far (I just opened it in 2009). I’ve made $ this year from self-employment (i.e. freelancing) and would like to contribute to it. Assuming the amount of waaaaay below the contribution limits, how much am I allowed to contribute, i.e. how do taxes come into play?

By: S

Thu, 22 Jan 2009 14:16:43 +0000

When you say taxable income when you retire… do you mean if you are still working.. the money you take out will be taxed based on your salary… so if i am making 100k or something at that time and i have to take out my 401k… the 401k is taxed based on which tax bracket i am in?