Combined 401k Contribution Limits 2024

Combined 401k Contribution Limits 2024. The contribution limits for individual retirement.  — yes, under certain circumstances you can have both a 401k and a roth ira.

 — for 2024, employees can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.