Here are the facts:
- I've contributed just enough of my 401k to put me (barely) within the 15% tax bracket (I've accounted for the personal exemption and deductions).
- I am about $10,000 short of maxing out my 401k for the year.
- My $5,000 end of year bonus was deposited on the 25th of December (last year when it was deposited in January).
- So far in 2015, I've contributed $2000 to a Roth IRA (and $15,000 to personal accounts).
I've read differing (and confusing) information about whether or not I can make 401k contributions through my employer after the new year. Does anyone know if this can be done/the proper course of action to make it happen? If not, what's the advisable way to invest my bonus while limiting my tax liability? Thanks!