401(k) max contribution question

Discussion in 'UPS Retirement Topics' started by FAVREFAN, Aug 30, 2014.

  1. FAVREFAN

    FAVREFAN Member

    I am approaching my $17,500 limit for 2014. Will the plan stop contributions by itself or will I have to manually adjust my contribution to 0% for the rest of the year once I reach the max?
    Thanks!
     
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    The plan will automatically shut you off.

    If you are 50 or older you can contribute an additional $5,500.
     
  3. Think of it as a pay raise,for the rest of the year.

    If u dont need the money,open a ROTH IRA,if you are eligible.
     
  4. FAVREFAN

    FAVREFAN Member

    Thanks guys. I do have a traditional IRA as well.