The contribution limits on both the 403(b) and the IRA increased this year.
The last IRA increase was in 2013. Take advantage of these new limits to increase your retirement savings.
- The 2019 limit for the 403(b) has increased to $19,000, with the age 50 and over catch-up remaining the same at $6,000 for a total of $25,000.
- The limit on annual contributions to an IRA increased to $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.