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?
Links:
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Finance for Physicians
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