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Mickey is 40 years old and has his retirement savings in a 401(k). If he makes $55,000 annually, wha...
4 months ago
Q:
Mickey is 40 years old and has his retirement savings in a 401(k). If he makes $55,000 annually, what is the maximum percentage of his income that he can contribute to his 401(k) plan per year? (The current maximum contribution limit is $16,500.)
Accepted Solution
A:
the answer will be 30%