“The IRA annual contribution limit rises to $7,000 for those under 50, or $8,000 if you’re 50 or older ($500 increases).
The annual 401(k) contribution limit increases to $23,000 per individual for those under 50 in 2024 (up from $22,500).
The 401(k) contribution limit increases to $30,500 per individual for those 50 or older in 2024 (up from $30,000).”
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