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taarea

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  1. How do you calculate the contribution limit for 457 plan? If let's say I am hired in the month of August, will the limit pro-rated? i.e. $15,000 / 12 = $1,250/ month and therefore I have 5 month = 5 $1,250 = $6,250 is my contribution limit for this year? or it does not matter when I got hire and I still can contribute $15,000 this year assuming I have not contribute anything through my previous job plan this year. Thanks.
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