<prompt> Human: So Im starting a new job and need some advice. Its my first real job out of grad school, and my first chance to have a 401k. I dont need much money in the short term, but am very interested in saving as much as possible over the long term. My new job pays around 130k but since Im starting this month, my total income for the year counting grad school salary will probably be around 50k. I was thinking it might be a good idea to try and max my whole 18k 401k contribution for 2016 over the next couple months to shield myself from as many taxes as possible my state income tax in 10, but since I dont know much about 401ks Im not sure if that can be done or if there is any good reason why I shouldnt. I would really appreciate any thoughts.  <response>: It can definitely be done. I was in a similar scenario last year. I ended up increasing my contribution rate to 50 to play catch-up as much as possible before year-end. 