Q:

What are the contribution limits for a Roth 401(k) as of 2015?

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Quick Answer

The contribution limits on a Roth 401(k) as of 2015 are $18,000 for employees or $24,000 for those over the age of 50, as stated by the IRS. These new limits are both $500 more than the previous year's limits.

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What are the contribution limits for a Roth 401(k) as of 2015?
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Full Answer

According to Forbes, the catch-up contribution for workers over 50 is available even to those who do not reach the age minimum until the last day of 2015. There is no income limit for employees to contribute to their 401(k)s. Employees must start withdrawing from their accounts by the age of 70 and a half unless they are still working and do not have 5 percent control of the company.

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