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january finances

January 4th, 2007 at 07:33 pm

went into work today. Lot's of pressure right now in the middle of a release. Went to lunch at Black Eyed Pea with friend. Spent $8

Finally was able to get to 401K website and increase my contribution limits to 20%. Also funded my Roth IRA for 2007.

I got several rebates in the mail yesterday, plus my $250 in gift cards for my award. If I was a dishonest person I could probably get $250 more. I was supposed to have to sign for them to get them, but the mail man left them under the mat in front of the door. Frown

I really hate stupid women books and I seem to be getting a run of them. I put the last two down before finishing them. Stupid women are women who react emotionally and do stupid things, like run out into traffic causing accidents because they are upset, or something along those lines. Drives me nuts and I can't read the rest of the book.

Finished listening to the library book on tape Dark Guardian by Christine Feehan. Supernatural. Very good.

2 Responses to “january finances”

  1. fern Says:

    Did i miss something about 401(k)s? How were you able to contribute 20% to it? I thought the max was 15%. Or are you playing catchup after age 50?

  2. Broken Arrow Says:

    My employer doesn't have a limit. I can theoretically contribute 100% of my paycheck if I want to. The IRS has a limit, but that's not a glass ceiling as well. You can contribute more than 15k into a 401k, for example, but anything beyond the limit would be taxed.

    I am beginning to suspect that some people (including employers) are getting confused with an employer match and our own match. For example, most employers will have a match limit (usually at 6%). In that case, you can contribute more than that, but anything beyond that 6% just won't be matched by your employer.

    At least that's my layman understanding of it. Smile Congrats to the author. 20% is very high indeed!

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