No. of Recommendations: 0
The 12k limit applies to 401k and 403b. You only get one limit on pre tax salary deferral. This is called the 402g limit. You cannot contribute 12k to a 401k and then do another 12k to a 403b. You may only contribute a combined total of 12k. If you are turning 50 or are already over 50 you may contribute an additional 2k as a catch up contribution.

Bill
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.