New 401k Contribution Limits 2024 . Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. That's an increase from the 2023 limit of $330,000.
In 2024, you can cash out as much as $1,000 from a traditional 401(k) or ira to cover an urgent need. Retirement savers are eligible to put $500 more in a 401 (k) plan in 2024:
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