Legal Question in Investment Law in California
Retirement plans
I am 45 years old. I have a 401k I max out every year ($15,000) at my day job. I also teach at night for the local community college -- can I also invest in a 403(b) as well even though my 401k maxes out every year?
1 Answer from Attorneys
Re: Retirement plans
Since this question has gone unanswered here for a while, and I don't know the answer either, I suggest you try calling the IRS. If you do, because of the frequency of wrong answers, I'd suggest two things: (1) get the IRS clerk who answers your question to give you a reference to the specific section of the Internal Revenue Code or IRS regulations that governs; and then (2) call back again four hours later and ask exactly the same question, and if you do not get exactly the same answer (in substance, at least), then see a tax attorney or CPA.