Greetings, Raffsfuture, and welcome. You asked:<<I currently contribute to the maximam, $8,000, to my 457. I understand that if I open a 401k along with my 457 the maximam monthly amount I can contribute is $666 for both combined. If I cease contributing to my 457 in July and open a 401k in July can I contribute to the maximam of $833 to the 401k without penalty or restriction?>>That has to be something unique with your employer. Legally, you may contribute to both a 457 plan and a 401k plan at the same time and make tax deferred to both up to the legal limits for both. This year that's $8K for the 457 plan and $10.5K to the 401k. Thus, your total is $18.5K to both. I did that for the better part of a decade.You should check with your HR folks to see why the limit for just one is placed on you.Regards..Pixy
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