401k Catch Up 2024 Roth . The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Up to $7,500 a year.
The savings expectations compound with time as wages tend to increase the most leading up to retirement, and workers can start collecting social security at 62. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.
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