By Kimberly Rotter with Keith KleinRead on InvestopediaIf you've already reached your 401(k) contributions limit for the year (or soon will), that's a high-quality problem. But it's still a problem. You can't afford to fall behind in the funding-retirement game (who knows what the cost of living will be when you stop working?). And losing the contribution's reduction in your gross income isn't going to help your tax bill next April, either.read more