2024 Roth 401k Catch Up Contribution Limits

2024 Roth 401k Catch Up Contribution Limits.  — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. This is an extra $500 over 2023.

Since money in a roth 401 (k) is not taxed once you reach a standard retirement age, any given account balance in a roth 401 (k) translates to more spending power than the same balance in a traditional 401 (k).  — in this piece, we’ll review the 401 (k) contribution limits for 2023 and 2024.