401k Limit For 2024 Over 50

401k Limit For 2024 Over 50. Employees 50 or older can contribute up to $30,500 with catch. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.


401k Limit For 2024 Over 50

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.

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