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401(k) Max Contribution Basics: Do You Know How it Works?

YouTubeJustin Pritchard, CFP® on Retirement Planning

401(k) Max Contribution Basics: Do You Know How it Works?

See maximum limits and, more importantly, what goes into the 401(k) max contribution. For 2023, the annual limit is up to $22,500 of your own pay, and the total amount that can go into your account is $66,000. For those over age 50, another $7,500 catch-up is allowed. But this can get complicated, and if you’re hoping to max out your 401(k ...

17.6K viewsNov 25, 2022

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