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Can you have a 403b and contribute to a 401k too?

Updated: 9/14/2023
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15y ago

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Yes, but the contribution limit includes both, i.e., no more than $15,500 total in 2008 plus $5,000 "catch-up" if age 50 or over.

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Q: Can you have a 403b and contribute to a 401k too?
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Related questions

Can you contribute to both a 401k and 403b in the same year?

Yes, this is possible if you earn enough and the plans allow it. Your total contribution amount, 401k plus 403b can not exceed the $15,500 ($20,500 if over age 50) for 2008.


Do chefs get a 401K?

Any employee, regardless of the type of work he or she performs, is eligible for a 401k if the employer offers it. An employer is not required to offer a 401k, however. If an employer-sponsored plan (401k, 403b, SEP IRA, etc.) is not available, often individuals will contribute to a Traditional IRA or Roth IRA.


The 401K and 403B plans are part of which type of benefit?

retirement


What does IRA Roth IRA 401K and 403B have in common?

you tell me


Can you contribute to all 401a 403b and 457b if YES is there a total contribution limit?

Yes you can contribute to all three however the 401k and the 403b share the same elective deferral limit (402(g) Limit) of 16,500 plus 5,500 for over age 50. 457 have a different limit (it's call a 457 limit) plus a separate age 50 catch up (only for governmental 457 plans) so your totals are 16,500 plus 5,500 for 401k and 403b 16,500 plus 5,500 for 457. Total $44,000


When an employee donates to a 401k fund and the company matched who controls that money and who gets the interest off of it?

what age do you have to be to get money from your 403b or 401k


Is there a maximum age to contribute to a 403b?

70.5


Can 401k funds be rolled into a 403b?

401k funds may generally be rolled over into a 403b account if the new employer of the 403b plan permit. Although the IRS allows for this action to be taken, not all employers do allow for it.If done properly, the event creates no tax liability or penalty upon the account-holder.


What is the maximum 403b contribution for 2009?

According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html


Can you contribute to both a roth IRA and 403b?

yes


What are the benefits of a 403b retirement plan?

There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.


How does a 403b retirement plan differ from a 401(k) plan?

It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.