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Double Dipping

Q. Is it true that the double dipping is no longer allowed within 403(b) and 457 plans? And has the rule concerning five-year payouts, allowing employer contributions to an employee’s 403(b) for up to five years after termination of employment, been repealed?

A. Neither rule was repealed under the Tax Cuts and Jobs Act. Employees may still contribute to both a 457 and 403(b) plan (double dip) and the employer post-termination contributions for up to five years are still permitted.

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