While 401(k) is a widely understood retirement plan and most understand how it works, very few people have even heard of a 403(b) plan. One might easily think 403(b) retirement plans are similar to 401(k) plans. In theory, both are identical in many ways.
403(b) and 401(k) plans are both retirement plans that are supported by [...]
2010 Contribution Limits
The 401(k) contribution limit for is $16,500 for those under 50 years old. For anyone between the ages of 50 and 59 ½ years old you also have the option of contributing an additional $5,500 as a catch-up contribution.The IRA contribution limit for is $5,000 for those under 50 years old, with a $1,000 catch-up contribution option for those between 50 and 59 ½ years old.
About This Site
This site is intended to provide general information about options for 401k rollover and IRA retirement plans. Nothing on this site should be considered legal, financial or other advice of any kind. If you're looking for professional advice, you should consult with an independent financial adviser.Additional Resources
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