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Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: Catch Up Contributins
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Andrew Schwartz CPA
May 4, 2005 - 1:18PM
Re: Catch Up Contributins

It seems to me that you would pay your catch up contributions the same way you pay your regular 401(k)contributions - through withdrawals from your salary and not by writing a check.

If you don't get a satisfactory answer from your employer, try contacting either a retirement specialist at the financial institution that's holding your 401(k) investments or the organization that's maintaining the records for your 401(k) plan (generally known as a third party administrator). They hopefully will confirm what we both think is the proper course of action.

That's great that you're taking advantage of this rule now that you're 50.

Zip Code: cpa@mdtaxes.com

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