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Retirement Contribution Limits

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December 20, 2011, Volume 58, No. 16

Have you thought about your retirement goals lately? With the end of the calendar year approaching, now’s the perfect time to take a look at your savings and figure out how to maximize your contributions in the coming year.

For calendar year 2012, your combined pre-tax and Roth contributions generally cannot exceed $17,000 per year. You’re eligible for additional catch-up contributions beginning January 1 of the year in which you turn age 50 and/or when you have at least 15 years of service with the University.

For information about retirement contribution limits, retirement planning resources, and more, visit the Human Resources website at www.hr.upenn.edu/benefits/retirement or call Penn’s Retirement Call Center at 877-PENN-RET (877-736-6738).

Related: Did you Know?: Make the Right Investments for Retirement

Almanac - December 20, 2011, Volume 58, No. 16