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dchinn

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  1. dchinn

    403b & 457

    This is going to sound so basic to some of you, but I'm new at this. The question I have is this: I'd like to put aside $13,000 in 2004 -- Can I contribute $5,000 to a 403B and $8,000 to a 457, or do I have to put all $13k into one plan first before I contribute to another? In addition, my employer is going to contribute $5,000 to one of these plans on my behalf. Does it make a difference which plan they contribute to? Thank you.
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