401(k)s and IRAs are two different types of retirement plans and have different limits. You can contribution to both,
A 401(k) plan is sponsored through your employer (or yourself if self-employed). You can contribute up to $19,500 plus another $6,500 catch-up contribution for participants s age 50 or older.
An individual retirement account is a plan outside work. You can contribute $6,000 plus another $1,000 for participants s age 50 or older.
You can no longer make 2021 401(k) contributions. You can still make IRA contributions.
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