- How It Works
- ServicesServicesOverviewChoose the right level of support for your plan and needsExpert ReviewA comprehensive review of inputs and reports to get you on the right pathFiling AssistanceLet our experts deal with Social Security for youClawback AssistanceFor those who need help fighting a Social Security benefit clawback
- Why Choose Us
- ResourcesResourcesBooksFrom the world-renowned economist behind Maximize My Social SecurityWebinars & PodcastsExpert tips and guides to help you get the maximum from Maximize My Social SecurtyArticlesIn-depth commentary on Social Security from our founderAsk LarryThousands of questions answered by our Social Security expertsBlogSocial Security insights to help you maximize your lifetime benefitsFAQYour most pressing questions answered
- Pricing
Ask Larry
Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
October 11, 2019
Category:
Can I Continue To Make Contributions To My 401k?
I am approaching 70 in a few months. I filed for social security benefits at 66 and immediately suspended the benefits. I have no intention of retiring as long as I can do the work I love (and get paid well paid for). I know I have to start collecting at 70, can I continue to make payments to my 401k, increasing them to the max to offset the additional income. Can I continue to make catch-up contributions to my 401k? Does my strategy make sense?
Hi,
I'm sorry, but my only area of expertise is Social Security benefits so I can't answer tax questions. You might want to try researching IRS's website: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits.
Best, Jerry