Huston55
Thinks s/he gets paid by the post
I've searched old threads and the IRS site, and cannot find guidance on this, thus the questions.
I am transferring employers around mid-year this year and want to know what the contribution limits are. Seems the current annual contribution limit is $17,500 + $5,500 catch-up (I'm >55).
So, my questions are:
1. Can I make two catch-up contributions, one with each employer?
2. How is the maximum salary eligible for contributions limit applied? Is it per employer or, a single combined annual limit?
I am transferring employers around mid-year this year and want to know what the contribution limits are. Seems the current annual contribution limit is $17,500 + $5,500 catch-up (I'm >55).
So, my questions are:
1. Can I make two catch-up contributions, one with each employer?
2. How is the maximum salary eligible for contributions limit applied? Is it per employer or, a single combined annual limit?