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401K limit applies if I changed jobs during the calendar year?

5 June 2010 No Comment

QP asked: I have recently changed jobs and would like to know if the annual limit still applies to my 401K.

For example, year to date I’ve contributed $10K to my previous employer’s 401K plan. does this mea my 401K contribution for the year with the new employer should be less than 5.5K?

Thanks!
Question posted courtesy of: Claudia

401K limit applies if I changed jobs during the calendar year?

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