Have I Maxed Out My Retirement Contributions?

Whether you’re contributing to an IRA, 401(K), or a similar strategy, you will (likely) eventually hit a cap. The IRS limits total contributions depending on the retirement strategy you’re using, which works out to $19,500 (+6,500 for 50+) for a 401(K) and $6,000 ($7,500 for 50+ for most. If you earn between $140,000 and $198,000 (single/joint filing) that rate [...]