"As always, I learn something when I read your messages. Would you please expand on your explanation of "catch up" contributions to a 403b? My wife, a teacher, has taught for 7 consecutive years, but didn't start her 403b until 4 years ago. How can she "catch up?" on the missing 3 years?"She might want to call the retirement or benefits office for her school system to find out the maximum contribution she can make to her 403(b). The limit for contributions to the account depends on a number of factors that together permit her to catch up if she's been slow to contribute. I'm sure Pixy knows the rules and the formula they use for the maximum amount she can contribute, but I doubt that anyone on TMF can give you better information on how to actually do it than the people at her central office. BTW, Pixy, what is that formula?
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