401k 2024 Limits Over 50 . As lawyers get older, there are other ways to maximize retirement contributions. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.
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