403(b) contribution limit calculator tools for 2008: Recent tax codes provide many opportunities for furthuring your retirement savings. Using this 2007 and 2008 contribution limit calculator will help you maximize your 403b plan, depending on your individual circumstances.

Click here for an easy-to-use calculator

2008 403b contribution limits:

If you have 403b contributions with the highest income deferral limits, plus you qualify for two of the catch-up provisions shown below, you have the chance to have 403b contributions of up to $23k to your 403b contribution plan during 2008.

* Basic 403b contribution limits a maximum of a portion of your salary : $15,500 in 2008.

* 403b contribution lifetime catch-up: You may have an extra contribution, up to $3,000.

* Age 50 plus Catch-up: If you are 50 or older, you can defer up to $5,000 extra in 2008.

* Total 2008 403b contribution limits on combined 403b contributions: 100% of your total salary or $45,000, the lesser of the two.

How can this help you?

* In 2008, to estimate your 403b contribution limit for your 403b plan, make sure you maximize your 403b contributions, or make certain your contributions aren't exceeding your 403b contribution limits.

* In January 2009, to determine if you put too much into your 403b plan in 2008. If you figure out that you contributed too much to your 403b contribution limit, contact your employer or accountant as soon as you can, but before February 15, 2009.

How to get started:

* Find out if you can figure out your 2008 contribution limit. * Read the 2008 403b contribution limits chart.

* Read the information checklist, provided by your 403b provider.

* Refer to a list of additional resources from your company's Human Resource department.

Click below for a book about learning how to set up a Roth 403b plan and get tax-free distributions at retirement: