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Author: brwhiz Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75339  
Subject: Re: What really is the limit for 403b contributi Date: 7/17/2002 11:04 PM
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Sounds like the calculators haven't been updated for all the new changes. Under certain conditions, you can contribute up to $13,500 into your 403(b) - $11,000 base amount for 2002, $1,000 catch-up if you are over 50, and $1,500 additional catch-up if you have been with the same employer for at least 15 years. The following IRS web page regarding Publication 571 has the answers. You want chapter 9 off the menu.

http://www.irs.gov/formspubs/display/0,,i1%3D50%26genericId%3D12511,00.html

While you are there, check out the provisions of chapter 8. Starting in 2002, contributions to your 403(b) do not affect contributions to a 457 plan. Most employers who offer a 404(b) plan are usuallu eligible to offer the 457 in addition.
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