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<blockquote data-quote="wily_old_vet" data-source="post: 97798" data-attributes="member: 2183"><p>One thing to remember about the 401k is that there is a cap as to how much you can contribute in a year. Once you turn 50 you can d catch up contributions. Using the example of a previous poster he stated that he should have approx $340,000 accumulated in 23 years. That works out to over $14,000 a year which I believe is higher than the max for 401k. Unless the laws are changed you will not be able to have what is contributed currently to your pension AND what you contribute put into the 401k.</p></blockquote><p></p>
[QUOTE="wily_old_vet, post: 97798, member: 2183"] One thing to remember about the 401k is that there is a cap as to how much you can contribute in a year. Once you turn 50 you can d catch up contributions. Using the example of a previous poster he stated that he should have approx $340,000 accumulated in 23 years. That works out to over $14,000 a year which I believe is higher than the max for 401k. Unless the laws are changed you will not be able to have what is contributed currently to your pension AND what you contribute put into the 401k. [/QUOTE]
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