My wife and I are both maxing our 401k's for the first time. Quick question.. She gets lots of commission/bonuses so we just estimated her salary. We estimated about $100k is what she'll make, so we are contributing 17.5% into her 401k. She's gotten some good sales lately so it looks like she's going to make more than 100k at this point, possibly. What happens if she hits the max in say, October? Does she just not contribute the rest of the year, and not get a company match for the rest? Does it just cut off her contributions, or does vanguard continue to take it and then give it back in th end?
Just trying to figure out how careful/precise we need to be.
Thanks!