Max 401k Contribution 2024 Over 50 Advice
Max 401k Contribution 2024 Over 50 Advice. Employees over age 50 can put aside an extra $7,500. The 401(k) contribution limit is $23,000.
Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. Even for people at or over the age of 65, mutual fund company vanguard reported that their clients’ average 401 (k) balance in 2022 stood at just a tad over.