401k, 403b, and 457 plans elective deferral amounts have not changed from 2007-you can defer up to $15,500 into each of these plans. The catch-up amount (above age 50) also stays the same at $5000.

The IRA limits will increase in 2008 to $5,000 for all IRA's.   The age 50 catch-up remains at $1,000.00.  So, someone age 50 or older can contribute $6,000 to their IRA account