Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Author: 2112yyz Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120815  
Subject: 401k & 403b Date: 4/6/1998 7:02 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Is it possilbe to have these two types of investments running at the same time. I have two jobs. One i have the 401k. The other just sent me info to set up a 403b. If I qualify for the 403b as far as my employer is concerned, is it ok for me to set it up, since I also have the 401k. Put it this way can I contribute to two pre-taxed retirement plans working at the same time. Thank you
Print the post Back To Top
Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 3325 of 120815
Subject: Re: 401k & 403b Date: 4/8/1998 9:34 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
[[Is it possilbe to have these two types of investments running at the same time. I have two jobs. One
i have the 401k. The other just sent me info to set up a 403b. If I qualify for the 403b as far as my
employer is concerned, is it ok for me to set it up, since I also have the 401k. Put it this way can I
contribute to two pre-taxed retirement plans working at the same time. Thank you]]

While there are current restrictions on combined defined benefit/defined contribution plans (at least until year 2000), I don't believe that there are any restrictions on this type of deferral, other than the $9500 annual deferral limitation.

You might want to check with TMF Pixy in the "retirement investing" folder for some insight on this specific issue.

TMF Taxes
Roy



Print the post Back To Top
Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 3326 of 120815
Subject: Re: 401k & 403b Date: 4/8/1998 9:35 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
[[Is it possilbe to have these two types of investments running at the same time. I have two jobs. One
i have the 401k. The other just sent me info to set up a 403b. If I qualify for the 403b as far as my
employer is concerned, is it ok for me to set it up, since I also have the 401k. Put it this way can I
contribute to two pre-taxed retirement plans working at the same time. Thank you]]

While there are current restrictions on combined defined benefit/defined contribution plans (at least until year 2000), I don't believe that there are any restrictions on this type of deferral, other than the $9500 annual deferral limitation.

You might want to check with TMF Pixy in the "retirement investing" folder for some insight on this specific issue.

TMF Taxes
Roy

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement