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Through my employer I have an annuity. This annuity is called a 403(b)7 plan. I currently contribute 6% per pay period because that is the amount that my employer will match. This is a pretax contribution. I would like to start contributing more than 6% even though my employer will not match my increased efforts, due to gaining an increased tax shelter. My question is this: is there either percentage max limit or maximum contribution limit on these types of arrangements, similar to the $4000 limit on IRA contributions. I can and probably will ask the program administrator, but I would like to know the answer before I talk to him.
Any other information regarding these plans is welcome.
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