First of all, I would like to thank WCI for providing us all with an incredible resource for self learning, and I am grateful to the helpful, thoughtful and intelligent members of this forum as well.
My question stems from WCI's post on having multiple retirement accounts.
https://www.whitecoatinvestor.com/multiple-401k-rules/
My wife is starting a new job in mid 2017. What happens when an employed physician changes employers?
1. Can she maximize contributions to each 403(b) and 457(b) offered by each employer (they are unrelated)?
2. Do 401(a) accounts get counted in the $54000 annual limit?
3. On a slightly different topic, what should we do with her existing retirement accounts? Rollover to a traditional IRA is not an option I am considering since we make backdoor Roth contribtions, and would like to avoid the pro rata tax burden of Roth conversions.
My question stems from WCI's post on having multiple retirement accounts.
https://www.whitecoatinvestor.com/multiple-401k-rules/
My wife is starting a new job in mid 2017. What happens when an employed physician changes employers?
1. Can she maximize contributions to each 403(b) and 457(b) offered by each employer (they are unrelated)?
2. Do 401(a) accounts get counted in the $54000 annual limit?
3. On a slightly different topic, what should we do with her existing retirement accounts? Rollover to a traditional IRA is not an option I am considering since we make backdoor Roth contribtions, and would like to avoid the pro rata tax burden of Roth conversions.
Comment