Contribution limits for your retirement savings in 2024
Save for the retirement you want to have and maximize your contributions within the IRS limits for 2024.
The IRS has increased your overall contribution limit for this next year, but not the Age 50 Catch-Up limit.
IRS Limits for Stanford Contributory Retirement Plan (SCRP) Contributions
CONTRIBUTION TYPE | 2024 LIMIT |
---|---|
403(b) Before-Tax Limit Increases You may be eligible to contribute before-tax dollars to save for retirement in the TDA and CRA accounts within Stanford's retirement plan. Note this before-tax limit also includes your Roth contributions. | $23,000 |
Age 50 and Over: Retirement Savings Catch-Up Limit Increases The IRS allows you to contribute this additional amount in before-tax deferrals to your 403b savings plan if you are age 50 and older. | $7,500 |
Total Retirement Contribution Limit Increases
| Whichever is less: $69,000 or 100% of your compensation This limit does not count the Age 50 and Over Catch-Up amount listed above for your before-tax deferrals. |
When You Can Make Changes to Your SCRP
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