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403(b) and 457 offsets


Guest Brian Cox
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Guest Brian Cox

Under EGTRRA, beginning 2002, contributions to 403(B) plans do not count against 457(B) contributions. Does that mean a public school employee could contribute $11,000 to a 403(B) AND $11,000 to a 457(B)...for a total of $22,000 for the year?

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Guest John Copoulos

It appear to me that this tax savings "windfall" is possible ... assuming they earn in excess of $22,000.

I'd be interested in other opinions and whether such 403 and 457 contributions need to be aggregated with employer contributions to other plans such as 401 DC and DB plans.

- John

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