401K Financial Planning

QP asked:

I have recently changed jobs and would like to know if the annual limit still applies to my 401K.

For example, year to date I’ve contributed $10K to my previous employer’s 401K plan. Does this mea my 401K contribution for the year with the new employer should be less than 5.5K?

Thanks!


Question posted courtesy of: Claudia

zonagal43 asked:

Hi all! My son’s girlfriend is only 19 and her company has a 401k program. She was told that she can not contribute until she is 21. They live in Illinois. Does anyone know if there are age restrictions on beginning a 401K?

Thanks in advance for your answers!


Question posted courtesy of: Yolanda