Guest Sumi Smorynski Posted March 21, 2003 Posted March 21, 2003 I have left one employer with which I have a 401K. If I start a 401k with my new employer without rolling over my old 401k, will I be penalized?
2muchstress Posted March 21, 2003 Posted March 21, 2003 No. Provided that you do not exceed the 402(g) limit during the year. You cannot contribute more than $12,000 to all plans in a calendar year, unless you are over 50.
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