I am doing something similar i.e. spread out the 401k contributions throughout the year in order to get employer match.
For us, Bonus is taxed at the highest rate, so I used to defer a % to 401k earlier.
In your situation, I would recommend using the Bonus to pay off/down HELOC at 7% and contribute to 401k from regular paycheck through the year.
For us, Bonus is taxed at the highest rate, so I used to defer a % to 401k earlier.
In your situation, I would recommend using the Bonus to pay off/down HELOC at 7% and contribute to 401k from regular paycheck through the year.
Statistics: Posted by KrisNC — Tue Jan 07, 2025 4:51 pm — Replies 16 — Views 270