Can You Max Out Both Your 403(b) and 457(b) Plans?

07/04/2022 11 min

                    Can You Max Out Both Your 403(b) and 457(b) Plans?

Listen " Can You Max Out Both Your 403(b) and 457(b) Plans? "

Episode Synopsis


If you are employed and work for a hospital system or plan to work for one in the future, do you have access to a 401(k), 403(b), and/or 457(b) retirement plans?   
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how different retirement plans interact collectively. Can you max out both your 403(b) and 457(b) plans?
Topics Discussed:
Tax shelter limits for 401(k), 403(b), and 457(b) retirement plans

Maximum for Employees:

401(k)/403(b) is $20,500 combined per year
457(b) is $20,500 separate limit


Retirement plans with mandatory and required contributions
457(b): Governmental or non-governmental plan, which is better and why?

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