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For example, at some employers, you can stuff up to $52K/year tax-protected savings into your 401(k).
Is that through catch-up contributions or what? How does that work?
If your workplace allows you to a) make after-tax contributions and b) either do an in-service withdrawal or an in-service Roth conversion of those after-tax contributions, you can exceed the $17,500/23,000 limits. The in-service Roth conversion change is recent, but many plans allowed in-service withdrawals of after-tax contributions before that.
52K limit is the SEP IRA. or self employed which has nothing to do with a 401
Your 401(k) can still have 52K/year if your plan allows it. The 52K limit is for all defined contribution plans, SEP, Individual 401(k), and employer 401(k), but your employer's plan has to allow it. In some cases, you might need an extra step of withdrawing the after-tax amounts, rolling over to an IRA, and then doing the Roth conversion.
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I have a few hundred extra thousand dollars laying around. What should I do with it?
I have people at USAA who want me to put some into a Managed portfolio, but I feel like with my individual stocks and the 401k I'm fairly heavy into equities already, and who knows where the next correction lies?
Any idears? I could obviously at least choose their most conservative Managed account and probably beat inflation.
Thanks!