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Visitor I

401K Rollover and contributions

Hey everyone!

 

I changed jobs this year and rolled over my 401k to an IRA. What I'm wondering is if my contributions count towards my 2018 limit. 

 

To make things simpler:

 

I contributed 2,000 to my 401k at Job A

When I left Job A I rolled that over to an IRA

 

Now that I'm at Job B how much can I contribute to my 401k for 2018?

1 Comment
AJ
Member III

401K Rollover and contributions

The 401k contribution limit for 2018 is $18,500.  You can contribute an additional $6,000 if you are age 50 or over.  The contribution limit does not include employer matching funds. The limit applies to the total 401k elective deferrals. So if you are under age 50 and have contributed $2,000, then you should have $16,500 remaining.