Maxing out your 401(k) is a great way to save for retirement. The maximum contribution limit for 2024 is $23,000 for those under the age of 50 and $30,500 for those over the age of 50. If you decide to max out your 401(k), there are several strategies you can use to achieve this goal. These include making catch-up contributions, resetting your automatic contributions, and selecting low-cost funds. Please read the article below to learn about more new rules that have been implemented in 2024.
