FYI, the contribution limits on 401K, 403b and some 457 plans have increased for 2018 to $18,500 (up from $18,000 for 2017).
If you’re over 50, you qualify for the Catch-up provision, so you get to contribute an additional $6,000 (for both 2017 & 2018).
For my school teacher clients who have a 403b account (aka TSA), you get to contribute a total of $24,000 for 2017 and $24,500 for 2018. Add an additional $3,000 for 15 years of service in the same district, for a total of $27,000 for 2017 ($27,500 for 2018).
The contribution limit for IRA and Roth IRA remains the same at $5,500 plus an additional $1,000 for individuals 50 and over.
Call me at (831) 641-7127. Or, contact me HERE.
Check out the IRS website for the new release on 2018 403b and 401k contribution limits.