I am 57 years old, and I will contribute $73,500.00 to my retirement account this year ($7,500.00 of which are matching dollars). I am able to do this because the company I work for (Dell) has a well thought out retirement plan, which includes the ability to contribute on an after tax basis. The plan puts a cherry on top by allowing in-plan conversion of those after tax dollars (immediately) to Roth (the fabled back-door option). The limits you mentioned can be eclipsed - if your company would pursue it.
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Fidelity.
Post: No 401 Way
Link to comment from October 8, 2023
I am 57 years old, and I will contribute $73,500.00 to my retirement account this year ($7,500.00 of which are matching dollars). I am able to do this because the company I work for (Dell) has a well thought out retirement plan, which includes the ability to contribute on an after tax basis. The plan puts a cherry on top by allowing in-plan conversion of those after tax dollars (immediately) to Roth (the fabled back-door option). The limits you mentioned can be eclipsed - if your company would pursue it.
Post: No 401 Way
Link to comment from September 30, 2023