No. of Recommendations: 0
Greetings,bwb26, and welcome.

<<i have two jobs, and qualify for both companies 401k plans, can i leagally have two 401k's, or must i choose between the two?>>

You may with one caveat: Your total combined contributions may not exceed the limits of $9.5K this year ($10K next year). Within either plan, your contribution may not exceed about 20% of your gross pay at that company. Thus, the percentage limits may keep you from reaching the dollar limit for both plans combined.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.