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Contributed by mm | October 3, 2006 9:11 PM PST
Here is the contribution limits for 401(k) accounts in the last few years:
2006
401(k) Contribution Limit: $15,000
Catch-Up Contribution Limit (only for those over 50 years old): $5,000
2005
401(k) Contribution Limit: $14,000
Catch-Up Contribution Limit (only for those over 50 years old): $4,000
2004
401(k) Contribution Limit: $13,000
Catch-Up Contribution Limit (only for those over 50 years old): $3,000
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Enjoy the latest personal finance news and commentary at PFBlog Network.
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Why Do I Need A Roth IRA? (October 7, 2006)
Roth IRA is almost a godsend that I highly recommend. Unfortunately I am not able to take advantage of it any more due to income limits.
High Income Workers Plan More, Or Vice Versa? (October 3, 2006)
It is rather arguable whether it is because people who plan tend to end up well, or people who make more money tend to have more time or resource to proper financial planning.
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