Research shows that people are Americans are living well past retirement years. Are you saving enough to be able to enjoy those years? A 403(b) plan can help you get there.
It’s an IRS-approved retirement plan that allows you to set aside money on an after-tax basis for your retirement. Contributions are conveniently made through payroll deduction, so money is moved from your paycheck into the account automatically. Plus, you employer may even match your contributions based on how much you put into the plan. Now is the time to take full advantage of this opportunity to maximize your retirement savings!
403(b) Retirement Plan Limits:
- Participants may contribute up to $20,500 for 2022.
- Participants age 50 and older at any time during the calendar year are permitted to contribute an additional $6,500 in 2022.