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Author Topic: 403b question  (Read 1982 times)

Morning Glory

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403b question
« on: March 07, 2017, 06:22:41 AM »
If I have 2 jobs that both offer a 403b, is the $18,0000 limit for each one or for both combined?
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hobbes1

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Re: 403b question
« Reply #1 on: March 07, 2017, 07:05:02 AM »
I believe that would be, combined. Check the IRS regs but my understanding is you can not exceed that amount, If you are <50 yo. in a single calendar year. After 50, you can put in a max of $24k/yr.
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Morning Glory

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Re: 403b question
« Reply #2 on: March 07, 2017, 07:50:33 AM »
Thanks, the IRS site was not very clear about this.
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MDM

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Re: 403b question
« Reply #3 on: March 07, 2017, 12:40:38 PM »
See Retirement Topics - 403(b) Contribution Limits:
Quote
Employees must combine contributions made to their 403(b) accounts with contributions made to all other plans in which they participate (other than 457 plans): 401(k)s and other qualified plans, and SIMPLE IRAs. The employee's total elective deferrals to all of these plans combined cannot exceed the annual deferral limit
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