On today’s episode, we’ll discuss the rules for multiple retirement accounts with separate employers, talk about how to remedy an accidental over-contribution, and even get into a scenario where an intentional over-contribution could make sense.
Topics Discussed:
- Why things can get complicated with multiple income sources and how retirement contributions are involved.
- Your responsibility when it comes to over-contributing.
- The max limits for different age groups.
- What you should be tracking to ensure you’re staying within limits.
- The $69,000 limit and how it works with unrelated employers.
- Unique things to consider when it comes to your contributions with different plans.
- What happens when you have over-contributed—and what can be done to fix it.
Resources Mentioned:
Tags
maxing out retirement plans, maxing out, retirement plans, contributions ,over-contributing, contribution limits, ER docs, emergency doctors
