I'm currently self-employed an participate in a 1 person profit-sharing plan contributing what my maximum income will allow. (roughly 16-17K tax deferred per year)
I just accepted a job with a company and will be participating in THEIR 401K plan. I will definitely be able to reach the max tax deferred contribution allowed for 2008 which is around 15K, right?
My question is:
Can I participate in BOTH the 401K and my personal profit-sharing plan at the same time? Are their limits?
Thanks in advance.