The IRS just announced its annual update to the maximum 401K contribution limits, which is the max you can contribute to a 401K in a given calendar year. Sadly, the 2017 maximum 401K contribution limits are unchanged from the 2016 maximum 401K contribution limits. This is disappointing news, since there was no increase last year either. Granted, inflation has been minimal. The IRS adjusts maximum contribution limits according to changes in the consumer price index (CPI). The maximum 401K limit is set annually by the IRS and it applies to your personal employee contributions to both...
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[Read the rest of the story at 20somethingfinance.com]