Max Roth 401k Contribution 2024 Over 55

Max Roth 401k Contribution 2024 Over 55. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). In 2024, irs increases to max 401 (k) and ira contributions make it feasible to put more money in your savings.

If you’re age 50 and older, you can add an extra $7,500. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.