How Much Can You Invest in a 401k Per Year
For those seeking to maximize their retirement savings through a 401(k) plan, the annual contribution limit is a crucial factor to understand. In 2023, the limit for individuals under age 50 is $22,500, while those age 50 or older can contribute an additional $7,500 as a catch-up contribution, bringing the total to $30,000. Employers may … Read more