RSS Feed

Financial Fitness Blog

Know your limits

 Permanent link   All Posts

Eric SchwartzThe end of the year is closing in...watch your contribution limits! Contribution limits for 403(b) accounts are $18,000 for 2015; however, employees age 50 and older can contribute an additional $6,000 for a total of $24,000 per year. It's up to the participant (not the employer) to pay attention to limits.

During winter break it might also be a good time to:

  •  Review beneficiaries. If you've experienced any life events (marriage, divorce, birth of a child, death of a family member, etc.) it's time to update your beneficiaries.
  • Update your address, increase your contributions, and review your portfolio.

Give us a call if you need assistance or would like to set up a time for a financial consultation: 1-800-279-4030.

Eric Schwartz, Financial Planning Specialist