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Determine the New Contribution Amount Using the Comparison Charts

To help you determine a new amount we have provided Contribution Comparison Charts. The comparison chart links below illustrate the power of consistent savings, compound interest, and net-effect of pretax deductions on your paycheck. Choose the number of pay periods that correspond with your employer. 


10 Pay Periods

11 Pay Periods

12 Pay Periods

26 Pay Periods


Tell Us the New Amount You Would Like to Contribute

To request a change to your periodic contributions, please email our office at invest@timothyhayesfinancial.com. Please provide your name, email, phone number, and new "total" amount you would like deducted from your paycheck. You can also reach us by phone (800) 248-4457. 


Maximum Annual Contribution Limits - Tax Year 2020

If available, you may contribution to multiple plans simultaneously. For example, if your employer offers both a 403(b) plan and a 457 plan, you may contribute to both totaling $38,000, ($50,000 if age 50+) annually. Limits are increased for individuals age 50 and over. 


403(b) Plan TSA: $19,500  or $26,000 if age 50+

457 Deferred Compensation Plan: $19,500 or $26,000 if age 50+

IRA & Roth IRA: $6,000 or $7,000 if age 50+