info
On Christmas Day, the New York Stock Exchange and Capital Group’s U.S. offices will be closed.

In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

Contribution limits

Retirement plan contribution limits

The amount of money that you can contribute to your retirement plan account each year has generally increased over time. The table below shows the contribution limits for various account types. Check with your employer about any specific contribution limits for your plan.

401(k)/403(b) annual contribution limits

Tax year

Age 49 and under

Age 50 and over

2024

$23,000

$30,500

 

IRA annual contribution limits

Tax year

Age 49 and under

Age 50 and over

2023

$6,500

$7,500

2024

$7,000

$8,000

 

SIMPLE plan contribution limits

Tax year

Age 49 and under

Age 50 and over

2024

$16,000

$19,500
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.