|
Maximizing Your Retirement Savings in 2016 |
|
November 10, 2015, Volume 62, No. 13 |
The IRS has issued the annual retirement plan contribution limits for 2016. The limit for combined pre-tax and Roth contributions remains unchanged at $18,000 per person. If you are over 50 years old or will turn 50 at any time in 2016, you can make additional catch-up contributions up to $6,000.
Visit the Contributions page at https://www.hr.upenn.edu/myhr/benefits/retirement/tdr/contributions/ for details or contact the Retirement Call Center at 1-877-PENN-RET (1-877-736-6738) for help determining the right weekly or monthly contribution amount to maximize your savings.
—Division of Human Resources
|
Almanac -
November 10, 2015, Volume 62, No. 13
|
|
|