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Retirement Contribution Limits

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