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How much can I save for retirement in my 401(k) or 403(b) plan in 2021?

If you are an employee who participates in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan, the contribution limit is:

  • Under age 50: $19,500
  • Over age 50: $26,000 (includes a $6,500 "catch up" contribution)

Visit www.irs.gov to learn more.


M
Molly is the author of this solution article.

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