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Dave -

You said: "I have read a great deal of material on 403b's and I thought that the maximum that one could put towards his/her account was 16 2/3 percent of the salary or $10,500 per year. However, I recently came across some information that stated a person could put up to 25 of their income into a 403b."

The ordinary maximum allowance is 20% of salary or $10,500 (whichever is less). There is a "catch-up" provision that allows employees with over 15 years of service & haven't maxed out contributions in the past an opportunity to exceed that "normal" max by as much as $3,000 more! For the rules straight from the source see IRS Publication 571 (available online at "").

Good luck & happy saving, PP
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