Why do tax-advantaged retirement accounts have contribution limits?
Which retirement account has contribution limits?
2022 retirement contribution limits at a glance
| Account | Contribution limit | Catch-up limit (if you’re 50+) |
|---|---|---|
| Employer-sponsored plans: 401(k), 403(b), 457 plans, thrift savings plan | $20,500 | $6,500 |
| Individual retirement account (IRA) | $6,000 | $1,000 |
| Roth IRA | $6,000 | $1,000 |