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Dear Tax gurus: I'm new at the salary reduction game. I just open a 403(b) at my current job. They said I could get 20% or 10k$ whichever is less for 1998. However, I'm leaving the job in July. My next job also has a 403(b) plan. Does the 10k$/20% limit start all over with the second job or is it cumulative? My wife also has a 403(b) at her work. Does she have a separate 10k$/20% limit or is the limit for both of us?

I find this board very enlightening and appreciate all the nuggets tossed about even if some of them are called fools gold.
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