2024 401k. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs. The savings expectations compound with time as wages tend to increase the most leading up to retirement, and workers can start collecting social security at 62.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. If harris is elected president, there’s a good possibility she.