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<blockquote data-quote="MattM" data-source="post: 5706787" data-attributes="member: 53192"><p>It’s messy and sloppy. Please don’t go that route. You will be penalized. You will be given a corrected w2 after the fact along with a possible 1099-R form. You will likely be forced to withdraw those extra funds early with a double taxation/early withdrawal penalty. </p><p></p><p>It’s up to you to know when you’re approaching the limit and drop the number down to zero. You can change the figure with empower the Thursday or Friday prior to the week you want changed.</p></blockquote><p></p>
[QUOTE="MattM, post: 5706787, member: 53192"] It’s messy and sloppy. Please don’t go that route. You will be penalized. You will be given a corrected w2 after the fact along with a possible 1099-R form. You will likely be forced to withdraw those extra funds early with a double taxation/early withdrawal penalty. It’s up to you to know when you’re approaching the limit and drop the number down to zero. You can change the figure with empower the Thursday or Friday prior to the week you want changed. [/QUOTE]
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