Maximum 401k Contribution 2024 Per Personal Loan

Maximum 401k Contribution 2024 Per Personal Loan. Imagine that you’re 60 years old with $1.5 million in your 401 (k), which gives you 14 years before your first rmd is due (the irs allows you to delay your first. How much you can contribute is limited by your income.

For the tax year 2024, the maximum amount that an employee can contribute to their 401 (k) retirement plan is $23,000. Employees 50 or older can contribute up to $30,500 with catch.