Here are the limits for how much you and your employer can contribute to retirement accounts on your behalf. These do not count personally owned Traditional IRAs and Roth IRAs that you own outside of your employment. You should know what the limits are so you can maximize your savings without incurring penalties for over-saving.
Many of the limits are the same as last year, so you can’t save too much more than last year through your employer’s retirement plans, but these are not the only places to save. We encourage opening a Roth IRA to save money where it will never be taxed again, and you can always save in a taxable brokerage account.
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