What is the maximum annually that can be put in a 403(b) right now?
The annual maximum amount than can be contributed during a calendar year to a 403(b) is currently $17,500, plus an additional $5,500 if you are over age 50, for a total potential deferral of $23,000.
If your employer offers a 403(b) and 457 options, then you may also contribute the same amount to the 457 ($23,000) for a total of $46,000.
An example of this occurs if your employer participates in the CalSTRS Pension2® Program, since CalSTRS offers both 403(b) and 457 plans. For more information about the CalSTRS Pension2 Program, please call 888-394-2060.