Can I Have More Than One 401k?

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You can make one employee contribution no matter how many 401ks you have access to. As long as you make $20,500 you can put it all into a 401k. You cannot if you have more than one 401k you cannot put 20,500 into one, then put 20, 500 into a second and 20,000 into a third. The other type of contribution that can be made into that account beyond employer contributions are what are called after tax employee contributions. If there is another feature that the 401k offers, this can really be a great move for investors.

Today we are tackling all of your retirement account questions. This is a favorite subject here at WCI and we get a lot of questions about these accounts. We talk about 403(b)s, 457(b)s, mega backdoor roths, defined benefit plans and so much more.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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