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How is PTO cash out from previous employer into 401K impacts my yearly 401K contribution?
I used to work for a state agency. I had accrued $9K worth of PTO from 2019 to 2021 September, which I was given an option to put into 401K on termination.
My new employer also offers 401K. My question is, how does PTO cash out into 401K impacts how much I can contribute in my new employer's 401K. Can I still contribute full $19,500 + $9K or is it $19,500 - $9K, or something else? Thanks
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‎October 26, 2021
5:09 PM