Mandi Rozella

401k 2024 Catch Up Limits Over 60. While secure 2.0 contains dozens of provisions, the highlights include increasing the age at which retirees must begin taking rmds from ira and 401(k). In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.

Those 50 and older can contribute an additional $7,500. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025.