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The maximum contribution to an IRA account (Traditional or Roth) is $5,500 (+ $1,000 if age 50 or over).
The maximum employee contribution to a 401(k) plan is $18,000 (+ $6,000 if age 50 or over).
Please read this TurboTax article on Retirement savings:
https://turbotax.intuit.com/tax-tips/retirement/boost-your-retirement-savings/L3lryQHVz
The maximum contribution to an IRA account (Traditional or Roth) is $5,500 (+ $1,000 if age 50 or over).
The maximum employee contribution to a 401(k) plan is $18,000 (+ $6,000 if age 50 or over).
Please read this TurboTax article on Retirement savings:
https://turbotax.intuit.com/tax-tips/retirement/boost-your-retirement-savings/L3lryQHVz
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