Financial planners are urging workers to make the most of an increase to 401(K) contribution limits set to come into effect from 2024.Consultancy firm Mercer projects that the contribution limit for next year will be $23,000 - up from $22,500 this year. It marks a more modest increase after the threshold jumped by $2,000 between 2022 and 2023 - but experts insist workers can still make the most of it.
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