Maximum contribution for 403b and 457 retirement accounts

The maximum contribution for 403b and 457 retirement accounts has increased $500 for 2020, for a total of $19,500.00. Anyone 50 or older by the end of the calendar year may also make catch-up contributions in the amount of $6,500.00, for a total of $26,000.00 in 2020.

This is a great time to contact our representatives to help you enroll in a new account or answer any questions you may have about your current account.

David Jones, VALIC Financial Advisor
Direct: 217-653-9171
david.jones@valic.com

TIAA-CREF: 800-842-2252