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The contribution limit for 401 (k) plans in 2024 is $23,000; for those 50 and older you can add another $7,500, for a total of $30,500.
Contribution limits to 401 (k) plans in 2024 have increased to $23,000, up from $22,500 for 2023. Catch-up contributions for those age 50 and older will remain unchanged at $7,500.
The 401 (k) contribution limit could increase by $500 in 2024, according to new projections from Mercer.
The total 401 (k) contribution limit, which includes employer matches and after-tax contributions, is $69,000 in 2024, up from $66,000 in 2023. Those aged 50 and older can contribute an additional ...
Health savings accounts, or HSAs, have higher contribution limits in 2024, allowing you to save more for healthcare expenses if you’re using a high-deductible healthcare plan. An HSA provides ...
For 2024 and later years, designated Roth accounts in a 401 (k) or 403 (b) plan are no longer subject to required minimum distributions — the minimum amounts you must withdraw from your ...
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