If you’ve already reached your 401(k) contributions limit for the year—or soon will—that’s a problem. You can't afford to fall behind in the funding-retirement game (who knows what the cost of living will be when you stop working?). And losing the contribution's reduction in your gross income isn't going to help your tax bill next April, either.
These pointers will help you decide how to handle maxing out your contributions and hopefully avoid a large tax burden. Continue reading...