5 ms·

I'm sure he has an accountant handle that stuff. It's (tax) free money, why not take it?

• drakenot 8y ago
  Why wouldn't he contribute the 2017 max of $18,000?
  • refurb 8y ago
    It’s not his contribution. It’s the company match.
  • bgentry 8y ago
    The $16k figure sounds like the amount that Apple contributed on Cook's behalf via matching funds.
    • Retric 8y ago
      In 2017 companies may only use up to $270,000 when calculating company matches to a 401k * whatever their max limit is for normal staff. 275 * 6% = 16.2k which sounds about right. https://www.irs.gov/retirement-plans/401k-plans-deferrals-and-matching-when-compensation-exceeds-the-annual-limit https://www.irs.gov/retirement-plans/401k-plans-deferrals-an...
      • tedmiston 8y ago
        This seems like the most logical answer in the thread
  • h4b4n3r0 8y ago
    I really doubt he even knows about this. His accountant goofed, probably.
• rossbmiller 8y ago
  The other way around, if his financial professionals weren't taking advantage of this total "gimme" of the planning world, he'd probably be concerned.
  • deleted 8y ago
    [deleted]