Francis Posted July 30, 2007 Report Share Posted July 30, 2007 We have an employee who worked for one employer from Jan 1, 2007 until May 31, 2007 and during that time he deferred $7,100 into a 403(b) plan and the plan had a limit of $15,500 for the year. He stopped working for this employer 5/31/07. July 5, 2007 he started with a new employer and he is eligible to participate in the new employer's SIMPLE IRA with a $10,500 limit for 2007. Since he already deferred $7,100 into the 403(b), what is his limit for the SIMPLE IRA for the remainder of 2007? Thank you for any help you can provide. Link to comment Share on other sites More sharing options...
Guest mjb Posted August 4, 2007 Report Share Posted August 4, 2007 See IRS pub 571 available at www.irs.gov and look under employee contributions. Link to comment Share on other sites More sharing options...
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