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Frequently Asked Questions

What is the maximum amount you can contribute to your 401k?

The maximum amount workers can contribute to a 401(k) for 2018 is $18,500 if they’re younger than age 50. That’s a $500 increase from 2017, when the contribution limit was $18,000.

Is there a contribution limit on 401K?

There is a limit to how much you, as the employee, can contribute to your 401k. This is also known as the 402g limit (you can exceed this limit by making catch-up contributions if you are over age 50). There’s a limit to how much you and your employer combined can contribute, which is known as the 415c limit.

What is the maximum age to contribute to a Roth IRA?

Maximum Age Limit for IRA Contributions Roth IRA: There is no upper age limit to make a contribution to a Roth IRA. Traditional IRA: For a Traditional IRA, once you reach the year in which you turn age 70 ½ you are no longer eligible to make a Traditional IRA contribution.

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