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How-do-I Do a Particular Thing in PRC?
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Topic starter July 2, 2023 2:17 pm
How does one account for the fact that employer account and IRA limits change at 50? I frequently assume that one is going to max out all tax-advantaged space, but if they are currently under 50, what's the easiest way to take this into account? I guess I could model a change in employment at age 50 but which only changes the deferral assumptions. I have a similar problem with employers who change the employer contribution as a function of 1) age 2) social security wage base. I do understand how difficult it is to accommodate every possible financial nuance!
July 30, 2023 3:35 pm
@stkeros If you want to change IRA contributions (either personal or employer-provided) at some point, the only way to do that is by starting a new income stream.
Stuart
