401(a) contributions -- designed to be pension replacements -- are NOT counted against the $66k limit, as these contributions are mandatory and not voluntary.
I would urge you to make both pretax and after tax contributions per paycheck. At my employer, you cannot contribute more than 15% of the paycheck per pay period, towards the after-tax component. Therefore if you take the route of maximizing pretax contributions before switching over to after-tax, you lost the opportunity to contribute more to MBDR (instead of 15% of 24 paychecks, you would only get to contribute 15% of 15 paychecks).
IF you aren't going to try to hit the max after tax contributions this may not matter, anyway. Just offering this up as a consideration
I would urge you to make both pretax and after tax contributions per paycheck. At my employer, you cannot contribute more than 15% of the paycheck per pay period, towards the after-tax component. Therefore if you take the route of maximizing pretax contributions before switching over to after-tax, you lost the opportunity to contribute more to MBDR (instead of 15% of 24 paychecks, you would only get to contribute 15% of 15 paychecks).
IF you aren't going to try to hit the max after tax contributions this may not matter, anyway. Just offering this up as a consideration
Statistics: Posted by lakpr — Sat Dec 23, 2023 3:20 am
