401k And Roth Ira Contribution Limits 2024. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. If you're age 50 and older, you can add an extra $7,500.

Convert to a roth ira: Since there are no income limits on a roth conversion, high earners can convert their traditional ira contributions to a roth ira.