Maximum 401k Contribution 2024 Per Person Over 50. Roth ira contribution limits 2024. Senior citizens have different financial needs and tax planning is a significant factor in financial planning for senior citizens.

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. That means a total of $30,500 can be contributed.