Archive for December 5th, 2008

401K limit applies if I changed jobs during the calendar year?

Friday, December 5th, 2008
401k
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

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Posted in Financial Planning | 2 Comments »