If the fees in your employer-sponsored plan aren't high and you're offered a variety of investment options, it may be worthwhile to max out your contribution. If the fees are high, you could consider directing money toward a traditional or ...
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...