How to Maximize Your 401k Match

If you have two 401ks either because you have two employers or you had one employer and you quit your job, you're limited to the cap of 22,500 between all companies. If you do too much, then it shows up on your tax return and your tax software will kick that out as ordinary income. Over time, you always have to be cognizant of your tax bracket. Right now we've got low tax rates. The 24% bracket for a married couple goes up to around 360,000. And once you pass that, you go to 32%, which is likely too high.

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