2024 401k Contribution Limits Over 50. This number only includes personal contributions — employer matches.  — for 2024, the contribution limit for an ira stands at $7,000 and $8,000 for people 50 and older.


2024 401k Contribution Limits Over 50

 — 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. Contributions to 401 (k)s can be automatically deducted from your paycheck.

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