I am a retiree who is returning to full time work. Can I contribute the maximum to my full time job's 401(k) and to my part time job's 457(b)? And then also contribute the maximum to an IRA?


Many times the best info is from the IRS: How Much Salary Can You Defer if You’re Eligible for More than One Retirement Plan?

The amount of salary deferrals you can contribute to retirement plans is your individual limit each calendar year no matter how many plans you're in. This limit must be aggregated for these plan types:

SIMPLE plans (SIMPLE IRA and SIMPLE 401(k) plans)

If you’re in a 457(b) plan, you have a separate limit that includes both employee and employer contributions.

Regarding having a 457 and another plan:

Example You’re in a 457(b) and a 403(b) plan, each plan allows the maximum deferrals for 2013 and you have enough includible compensation. You may be able to defer:

  • $17,500 to each plan, regardless of your age
  • $23,000 to the 403(b) plan and $17,500 to the 457(b) plan if you’re age 50 or older > by the end of 2013 and the 403(b) plan allows age-50 catch-ups
  • $23,000 to each plan if you’re in a governmental 457(b) plan and both plans allow > age-50 catch-ups
  • $23,000 to the 403(b) plan if it allows and you’re eligible to make age-50 catch-up, and $35,000 to the 457(b) plan if it allows catch-up contributions and you’re eligible for the last 3-year catch-up.
  • an additional $3,000 to the 403(b), if you’ve worked for a qualified organization at least 15 years and the plan terms allow these catch-ups.
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