Is there a way to avoid some taxes this way? I find the maximum contribution limits confusing as to how much over-50 workers can direct to 401k. Is it just the catch-up amount?
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Lump Sum is great option now for the numbers, but best to roll it into an IRA and use it/tax it later.
Which the 401K forces anyway.
If you're leaving a company - also roll your company 401K into an IRA.
Talk to a financial advisor briefly - or search/read deeply on it.
Not complicated.
Pretax is limited to the catch up plus std.
I just went in to adjust my contributions up to make sure I hot the maximums before the exit date. The FAQs state they will pay the true up for matching dollars for those taking the ER.