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Retirement - Maximize retirement savings
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post Apr 13 2010, 06:51 AM
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Question: I want to max out my 401(k), but my company limits contributions to 20% of salary. Given what I earn, I would have to contribute more than 20% to reach the maximum contribution allowed by law. I know I can handle putting away more, but because of my employer's 20% cap, I can't. Can companies really limit my contributions like that? And, if so, what can I do to save more? -- Laura, Denver, Colorado

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