Max out 401k

[CSRSJim]

Originally Posted by joni78

Upping payroll contribution for 4Q15 to max out 401k for the year. But given current market, can't help but think it's all for nothing. Telling myself to take the long view and enjoy the slight tax kiss. But that is one ugly statement.

When you say "max out" are you talking about the IRS maximum or your employer's matching maximum amount?

For 2015 the IRS maximum is $18,000, plus another $6,000 if you are age 50 or more ("catch up contributions")
Most employers match 6% or less, so even if you make $100,000 the matching maximum is less than $6,000.

[flyonpa]

I'm not a big fan of the funds my company has selected for our 401K, Mostly I just go to the Company Match, then stop. I put in 6% they Match 3%.

2015, I did (or in process of) doing the IRS limit of 24K to reduce my Taxable Income, due to other factors,

(Big Cap Gains this year, Might get layed-off with a package of 1x my salary this year, and 1/2 next year)

[joni78]

I'm north of 50 so doing the IRS max out. Employer match is 3%. Like previous poster, trying to reduce taxable income as much as possible since I have very little in the way of other shelters. While a consistent saver over the years, I'm finally positioned to begin stashing as much as possible for the home stretch.