Contribution Limits in Peach State Reserves
The Internal Revenue Service (IRS) maximum contribution limits in 401(k) and 457 plans for 2021 will remain the same as for 2020.
Contribution limits for 2021 are:
- Under Age 50: $19,500
- Over Age 50: $26,000
You can contribute the maximum amount to both a 401(k) and 457 account.
Even if you can’t contribute to the maximum amount, this is a great reminder to save as much as you can for your retirement.
Open a retirement savings account or increase your contributions today!
Peach State Reserves (PSR) participants, or those eligible for a PSR account, can increase contributions or open a 401(k) or 457 at GaBreeze.
Your future self will thank you!