Retirement

403(b) and IRA contribution limits for 2020

DATE | 01/02/20
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Are you contributing as much as you can toward your retirement?

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.