Originally posted on 01/16/2017:

Quote Originally Posted by El Nino View Post
It's $18K...has been since Jan. 1, 2015. Then, you should also be putting $5.5K in a Roth IRA.
It's $24K for your 401K if you are 50 and older, $6.5K for Roth IRA.
This is such great information that it should be stickied on most people's foreheads. Saving $23.5k, most of it tax free is the smartest thing anyone can ever do. Everyone can be wealthy 20, 25, 30, 40 years from now if they force themselves to save. The biggest excuse people will make is that they can't afford to save that much. They can't afford NOT to. Reduce your standard of living so that you can save that much so you will be wealthy later.