My hospital has three plans = 403(b) Retirement Plan + 403(b) Voluntary Savings Plan + 457(b) Deferred Compensation Plan
I want to maximize savings. My Hospital does a 5% 403(b) match (0.05 x 345k = $17.25k). And my 2024 contribution limit is 23k.
That means I will have $40.25k ($23k + $17.25k) saved each year in my 403(b). The IRS limit is $69k per year - is there any way I can reach this?
The 457(b) has a limit of 23k which is separate from the 403(b) limit. So that's another 23k each year.
Submitted December 05, 2023 at 10:01PM by UnarrestdDevelopmnt https://ift.tt/Rl4sDXo
