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What is the 401(k) maximum contribution for this year?

contribution k maximum
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What is the 401(k) maximum contribution for this year?

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The maximum total “pretax” contribution for 2007 is $15,500. Plus, if you are age 50 or over you may be eligible to make an additional “catch-up” contribution of $5,000 (if permitted under your 401(k) plan).

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