401K limit applies if I changed jobs during the calendar year?
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!
(from Yahoo Answers)
Image taken on 2009-03-19 08:27:02 by sabeth718.