2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50. Individuals aged 50 and older are allowed to put more money into a 401(k) every year to help them make up for earlier years when they couldn't spare as much. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal.


2024 Limits On 401k Contributions For Age 50

Next year, savers will have a chance to add an extra. This provision allows older individuals to contribute.

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2024 Limits On 401k Contributions For Age 50