IRA contribution limits remain the same, but 403(b) contribution limits have increased this year. Take advantage of these new limits to increase your retirement savings.
- The 2020 limits for the 403(b) are $19,500, with the age 50 and over catch-up at $6,500 for a total of $26,000.
- The limit on annual contributions to an IRA remains at $6,000, with the age 50 and over catch-up limit at $1,000 for a total of $7,000.
Visit weabenefits.com/limits for more information or call us at 1-800-279-4030 if you have questions.