I’m not sure about you, but my employer’s open enrollment period is in full swing. In fact, there’s just over a week remaining for those that want to change their elections.
I’m not sure about you, but we’re not changing anything — at least not in terms of our health insurance. We will, however, ratchet up our retirement savings in lock-step with the contribution limit increases.
As for the retirement accounts, this isn’t strictly tied to open enrollment, but we’ll be increasing our contributions to expected new 401(k)/403(b) limit of $17,500/year. Note that if you’re 50 or older, you’ll actually be able to sock away $23k in 2013.
Oh, and if you use a healthcare FSA (which we don’t), then keep in mind that the limits for 2013 are decreasing to an absolute max of $2500/year.
What about you? Are you planning on making any big changes during open enrollment?
We’re only making one small change this year. I’m already maxed out on my 401k but we’re bumping my wife’s up to max it out. My company has kick-ass health insurance, so no need for us to do anything different in that respect.
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