From: "CIL" 
Newsgroups: misc.invest.financial-plan
Subject: Yearly 401k contributions completed in one quarter
Date: Sun, 10 Sep 2006 09:08:24 -0500
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Good Morning,



I am 56 years old, retired Civil Service, DOD. When I retired earlier this 
year I envisioned returning to work and saving 100% of my earnings and use 
the retirement check to live on.  I would like to become eligible to draw my 
social security when I turn 62 even though it will be severely cut because 
of the windfall elimination act.  I only need 4 more quarters to qualify 
since I paid before I went to work Civil Service and the 3.5 years in the 
Air Force.  Plus this savings will add to the travel and vacation account.



I plan on returning to work in the near future for a local company that 
offers a 401k.  If I returned to work on 10/1/06 and the max this year for 
401K contributions is $15,000, could I / should I, contribute 100% of the 
$15000 during the final quarter of the year?   That is assuming that I will 
clear $15000 after Fed, State and Social Security deductions, if not I would 
like to contribute all that I clear.  The Company match is 50% on the first 
8% that I contribute and 0 after 8%.



At my age do you think that it makes since to do this or what percentage do 
you recommend?  I have maxed the Roth for the past several years including 
2006.



Thanks

cil