Max Your 401(k) Contributions Now Before the Deadline

Laptop on a table next to a coffee cup showing growing stacks on coins on the screen.

Making the maximum contributions to your retirement plan can increase your savings for retirement and lower your taxes. But the end of the year is fast approaching, and with it, the 2023 401(k) contribution deadline.

So, here is some information to help you take advantage of tax breaks associated with your retirement savings plan — including the 2023 401(k) contribution limits (and new 401(k) contribution limits for 2024.)