Retirement Account Contribution Limits for 2014

Here's how much you can stash in a 401(k), 403(b), 457, traditional IRA and Roth IRA. Plus, 2014 benefits adjustments for retirees.

How much money will I be able to contribute to my 401(k) and IRA in 2014?

The 2014 contribution limits will remain the same as they are for 2013. You can contribute as much as $17,500 to a 401(k), 403(b), 457 or the federal government’s Thrift Savings Plan, plus as much as $5,500 more in catch-up contributions if you’re 50 or older in 2014. And the annual contribution limit for traditional and Roth IRAs remains at $5,500 in 2014, plus as much as $1,000 more if you're 50 or older.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.