401k Max Contribution Limits and Rules Explained

If you’re wondering, “What’s the 401k max contribution for 2024?” — here’s the plain answer: for 2024, the standard elective deferral limit is $23,000. If you’re under 50, that’s your total. Those aged 50 or older can add a $7,500 catch-up, boosting their total to $30,500. Below is a human-friendly, deep-dive into these limits, context, […]