FYI, the contribution limits on 401K, 403b and some 457 plans have increased for 2018 to $18,500 (up from $18,000 for 2017).
If you’re over 50, you qualify for the Catch-up provision, so you get to contribute an additional $6,000 (for both 2017 & 2018).
For my school teacher clients who have a 403b account (aka TSA), you get to contribute a total of $24,000 for 2017 and $24,500 for 2018. Add an additional $3,000 for 15 years of service in the same district, for a total of $27,000 for 2017 ($27,500 for 2018).
The contribution limit for IRA and Roth IRA remains the same at $5,500 plus an additional $1,000 for individuals 50 and over.
Call me at (831) 641-7127. Or, contact me HERE.
Check out the IRS website for the new release on 2018 403b and 401k contribution limits.
As an award-winning Business & Money coach who is highly trained in the financial & insurance services industry, I specialize in helping women entrepreneurs transform their relationship with money so they can grow their business to six-figures and beyond. When we transform our relationship with money, we show up differently in our business. We show up more powerfully in the marketplace. We attract our ideal clients more easily. We suddenly charge what we’re worth. We price our services and programs from a place of owning our value and we stop under-earning. This is what I want for women globally.