Adelle Marjie

What Is 401k Catch Up For 2024. Those 50 and older can contribute an additional $7,500. More than half gen xers, or 55%, wish they saved more for retirement, according to a recent report from the allianz life insurance company of north america.

For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs. This limit will likely be adjusted.