jeffw@lemmy.world to politics @lemmy.world · 7 months ago‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthywww.politico.comexternal-linkmessage-square21fedilinkarrow-up1154arrow-down14cross-posted to: [email protected]
arrow-up1150arrow-down1external-link‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthywww.politico.comjeffw@lemmy.world to politics @lemmy.world · 7 months agomessage-square21fedilinkcross-posted to: [email protected]
minus-squareBeautifulMind ♾️@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months ago 23k is the max annual contribution If you’re over 50, you can put $30,500 in your 401k, the extra $7500 per year is called a ‘catch-up contribution’
If you’re over 50, you can put $30,500 in your 401k, the extra $7500 per year is called a ‘catch-up contribution’