401k Max 2024 Over 55

401k Max 2024 Over 55. What does it mean to max out your 401(k) in 2024? The irs increased 2024 contribution limits for 401 (k)s, 403 (b)s, and iras.

In 2023, this rises to $22,500. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.