401k Contribution Cap

Your 401(k) contribution ceiling will stay the same next year.  The maximum will remain at $16,500

Workers with a retirement plan who earn less than $66,000 annually ($109,000 for couples) also can contribute up to $5,000 to a traditional or Roth IRA, and workers age 50 and over can contribute up to $6,000. The income limits don’t apply to couples who don’t have a retirement plan through their jobs.