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Another reason to max out

Submitted by rstlne on October 27, 2007 - 18:35.

Another reason to max out the 401K is it lowers your AGI. If you're on the verge of getting phased out of your Roth IRA because you're close to the income limit, putting more money into the 401K can keep you eligible. Same goes for tuition credits, which you can only get if your AGI is below certain limits.

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