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Financial Discussion

It is always wise to have a secure financial foundation. Here is a place to ask questions, exchange ideas and share information on how to make the most of your money.


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Dazed & Confused  
#1 Posted : Friday, July 24, 2009 9:48:18 AM(UTC)

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I am retired federal but took a job with the state. I am currently contributing 12k to a 457b. Can I also contribute to a 401k and a Roth?
Tim  
#2 Posted : Sunday, July 26, 2009 11:19:09 AM(UTC)
roskopfm

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A roth IRA is independent. But the amount of your 458, 401K or 403b in total can not exceed the federal limit. You can invest in one or invest a little in each but the total can not exceed.
terri77  
#3 Posted : Tuesday, August 25, 2009 2:10:48 AM(UTC)

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Actually, I had a 457b and a 403b, and you can contribute the maximum to each account each year for a total of $33,000. Not sure about the 401k, I think the rules are different for that account in combination with the others. Check with the IRS.
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