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How Much Can I Contribute?

Take Your Contributions to the Max

There are retirement plan contribution limits—typically, a percentage of your pay—and annual dollar limits set by the Internal Revenue Service (IRS). If you are age 50 or older, you may also be eligible for additional contributions that can help you "catch up" on your retirement savings.

IRS Contribution Limits
401(k), 403(b), 457

  2013
 Maximum limit $17,500
 Catch-up (Age 50+) $5,500*

Take full advantage and consider contributing as much as you can up to the applicable limit. The effects could be small on your take-home pay, but potentially large on your retirement account balance. Contact your benefits manager or Hartford representative to learn more.

 

 

* Additional catch-up provisions may apply to employer-sponsored 403(b) and 457 plans, based on your years of service.

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. This information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY - MAY LOSE VALUE - NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE

RPS 105744 05/11