concept

401(k) account

Also known as: 401k accounts, 401(k)

Facts (4)

Sources

Tax-Efficient Investing: Helping Keep Returns | Morgan Stanley morganstanley.com Morgan Stanley 3 facts

measurementFor the 2025 tax year, the contribution limit for a 401(k) account is $23,500.

measurementFor the 2025 tax year, individuals ages 60 to 63 may be eligible to make an additional catch-up contribution of up to $11,250 to a 401(k) account, if permitted under the plan.

measurementFor the 2025 tax year, individuals age 50 or older may be eligible to make an additional catch-up contribution of up to $7,500 to a 401(k) account, if permitted under the plan.

Understanding the Four Pillars of Personal Finance - Spero Financial spero.financial Spero Financial 1 fact

claimExamples of assets include cash in checking or savings accounts, whole life insurance policies, 401k accounts, investments, land, home equity, and valuable jewelry.