Sep 17, 2007 #1 I igsoy Recycles dryer sheets Joined Jun 23, 2005 Messages 297 Does anyone know: Can you have both kinds of these accounts simultaneously as long as your total does not exceed $15500? I have looked for an answer online (IRS website, etc...) and have found no information.
Does anyone know: Can you have both kinds of these accounts simultaneously as long as your total does not exceed $15500? I have looked for an answer online (IRS website, etc...) and have found no information.
Sep 17, 2007 #2 Martha Moderator Emeritus Joined Feb 27, 2004 Messages 13,228 Location minnesota Man I am frustrated today by the search function! Publication 560 (2006), Retirement Plans for Small Business Has some info on contribution limits when you have multiple plans.For a nice plain language description of contribution limits when you have multiple plans, I suggest reading this article: Common Questions About Retirement Plans
Man I am frustrated today by the search function! Publication 560 (2006), Retirement Plans for Small Business Has some info on contribution limits when you have multiple plans.For a nice plain language description of contribution limits when you have multiple plans, I suggest reading this article: Common Questions About Retirement Plans
Sep 17, 2007 #3 OP OP I igsoy Recycles dryer sheets Joined Jun 23, 2005 Messages 297 Thanks Martha, that is exactly what I was looking for. This members of this forum sure are a great resource.
Thanks Martha, that is exactly what I was looking for. This members of this forum sure are a great resource.