I understand that the IRS limits the amount of pre-tax dollars one can put in, but it would be NICE, if the company would allow one to defer taking payment until next year so that one could place this money into TESPHE. I can't tell you the amount of people I know who contribute little or nothing towards their retirement, either through a 401k or some other vehicle. If you're banking on a nice pension and social security to take care of you in your golden years, you may want to think again. Also, you are spot-on with your Roth IRA comment. It is a great vehicle to save money and NOT pay any tax on it when you cash it in. Unfortunately, I do not qualify for a Roth since I file married jointly and my AGI is too high. Filing married jointly is a requirement to participate in a Roth IRA. I knew that there was no limit on AFTER Tax dollars put into TESPHE, but I didn't know you could transfer money into your TESPHE from another financial insitution. I thought it had to be done through your employer sponsered plan only.