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WCI #306: Using Retirement Accounts

White Coat Investor Podcast

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The Final Contribution Limit for 401ks, 403b's and 401Ks

The final contribution limit, which applies to 401ks, 403b's and 401a's is $66,000 a year for those under 50. Once you're over 50, there's a catch up contribution, I think for 2023 at 7,000. You can contribute 20% of net self employment income in there as a tax deferred contribution. However, if you get a specially designed plan, you don't have that much income in order to max it out.

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