Do the catch-up contribution rules apply to a 403(b) retirement plan? If yes, what is the catch-up contribution amount for 2019? Thanks.

[MinhT · Accepted solution]

Yes, you are eligible for a catch-up contribution to your 403(b) plan if you are aged 50 or over at the end of the tax year. The amount of the catch-up contribution is limited to $6,000 per year for both 2018 and 2019.

Please see this IRS document for more information:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-403b-contribution-l...