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  1. A few months back, there was an article on this website entitled "The True Story on the Age 50 Catch-up: A simple Calculation or a Big Headache?" Did anyone else read that article and question the author's statement that the lifetime maximum under the 15 year rule must be decreased by "all prior catch-up contributions..including Age 50 catch-up"? On page 10 of IRS Publication 571, the IRS specifies that "catch-up contributions do not affect your MAC" (MAC being you maximum amount contributable for elective deferrals). It then states "therefore, the maimum amount that you are allowed to have contributed to your 403(b) account is your MAC *plus* your allowable catch-up contributions" (ie contributions under the Age 50 rule).
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