the maximum amount that you can contribute to a 401(k) plan is $20,500, or $27,000 if you’re age 50 or older thanks to the $6,500 catch-up contribution.1For 2023, you can contribute up to $22,500 to a 401(k) plan, and up to $30,000 if you are age 50 or older since...
Roth IRAs can be great investment avenues for long-term savings, but there are several rules to be aware of prior to contributing to this retirement account. Here is a rundown of contribution limits and other key considerations. work