how much can i contribute to my 401k plan per year at work

Submitted by vinny on Mon, 09/07/2009 - 17:24.
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how much can i contribute to my 401k plan at work? In 2008 if you are under 50 years old, you can contribute a maximum of $15,500 to your 401k plan. If you're 50 or older, you can make an additional catch-up contribution of as much as $5,000, for a total of up to $20,500.Please note that 401k contributions change every year based on inflation. You should be able to find out how much you can contribute to 401K plan in 2009 2010 once the contribution rates are declared.
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