401k Maximum Contribution 2024 Plus Catch Up Age
401k Maximum Contribution 2024 Plus Catch Up Age
The 401 (k) contribution limit for 2024 is $23,000. In 2024, employees can contribute up to $23,000 in their traditional and roth 401 (k).
Simple 401 (k) participants aged 50 and up can make “catch up” contributions of. By age 40, experts recommend maxing out your 401(k) contribution as you head toward the midway point in your career and grow closer to retirement.