Tax Tips: Tax Breaks and Other Limit Increases
Lee Rosenberg, CFP | February 17th, 2009These are the key changes in 2009 for 403b and 401k contributions:
1. The maximum employee contributions go up to $16,500 (unless you are over 50 and then you are permitted to add another $5,500). This increases the maximum contribution to $22,000.
2. For defined contribution plans, such as the traditional “Keogh” or self-employed plan, the new maximum
