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Level 2
December 6, 2019
Solved

Can money in a 457 and 403b at the same time be deferred and what is the limit

  • December 6, 2019
  • 1 reply
  • 8 views

Client wants to contribute to both plans but how much will be deferred?

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Best answer by sjrcpa

Yes they can do both. The maximum 403(b) is allowed, it is the same as 401(k). I'm not sure what the 457 limit is but they can max it, too.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 6, 2019

Yes they can do both. The maximum 403(b) is allowed, it is the same as 401(k). I'm not sure what the 457 limit is but they can max it, too.

The more I know the more I don’t know.