401 K Max 2024 Catch Up. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. For 2024, you can contribute up to $7,000 to a roth or traditional ira.
He gets a pay raise of 3% or 4% a year, and he plans to put most of the extra pay toward his 401(k) โuntil i max it out,โ he said. This ensures that the limits remain meaningful as the cost of living increases.