Quick: which type of device is currently dominating Amazonâs Best Sellers list, holding the top two overall spots (as of this writing)? Answer: E. And itâs not close. Between the Amazon Fire TV, Google Chromecast, Roku 3, and Apple TV, streaming media players are lighting up online retail.
Moreover, you can invest up to the maximum in each account. In 2016, the limits are $18,000 in each type of account, plus catch-up contributions - so you could make a total retirement contribution of as much as $36,000 (or $48,000 if you are 50 or older).
If you are age 50 or older in 2016, you can contribute an additional $6,000 for a total of $24,000. The 401k limits for 2017 have been released by the IRS and they remain the same at $18,000. If you are age 50 or older in 2017, you can contribute an additional $6,000 for 2017 for a total of $24,000 -- same as 2016. 401k Maximum Contribution Limits For 2016 and 2017.