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403(b) contribution limits have changed

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N'Kenza WhitlowThe 2018 limit for the 403(b) has increased to $18,500, with the age 50 and over catch-up remaining the same at $6,000 for a total of $24,500. The limit on annual contributions to an IRA remain unchanged at $5,500, with the age 50 and over catch-up limit at $1,000 for a total of $6,500. Visit weabenefits.com/limits for more information.

Are you maximizing your retirement contributions? If not, you may wish to re-evaluate the amount you're putting toward retirement. Not only do you lower your taxable income, you ensure that you're doing everything you can to reach your retirement goals.

Give us a call at 1-800-279-4030 if you'd like to learn more about saving with a 403(b).

N’Kenza Whitlow, Retirement Savings Consultant