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Financial Planning / Foolish 401(k)s
|Subject: 401k and 403b limits||Date: 6/22/2012 8:46 PM|
|Author: alibaba42||Number: 24898 of 25899|
I have a question that I think is pretty simple, but the IRS site hasn't been able to help so far, and neither have Vanguard or Google!
I was working for the first half of this year at an employer who offered a Roth 401(k) and Traditional 401(k) matching. I'm rounding up, but approximately they contributed $4k Traditional, and I contributed $9k Roth (nice bonus in January!).
At the beginning of this month I started a new job at an academic establishment who offer an employee 403(b), and I'd like to figure out what % I can contribute for the rest of the year. I know that the 403b limit is $17k, the same as the 401k limit, but are they combined?
Any answers or suggestions of where to look would be greatly appreciated.
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