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).
401k Annual Contribution Limit. The annual contribution limit for 401(k) plans is by far the easiest to understand. There are only two categories: whether or not you are 50 years old or not. If you are under age 50 you can contribute $17,500.or the average American the Roth IRA is a great choice as far as retirement accounts go. For that average American the contribution limit is $5,500 per year, plus $1,000 in catch up contributions if you're over age 50.