Retirements Savings Limits

 

2023

Type of Plan	Under Age 50	Age 50 and Over
Traditional/Roth IRA	$6500	$7500
401(k), 403(b), 457, SEP	$22,500	$30,000
SIMPLE IRA	$15,500	$19,000

 

2024

Type of Plan	Under Age 50	Age 50 and Over
Traditional/Roth IRA	$7000	$8000
401(k), 403(b), 457, SEP	$23,000	$30,500
SIMPLE IRA	$16,000	$19,500

 

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