Fidelity Investments 401k Loan Limits 2024

Fidelity Investments 401k Loan Limits 2024. With a 401 (k) loan, you borrow money from your retirement savings account. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira.

Need to take money from a 401 (k)? According to fidelity, you can borrow as much as 50% of your retirement savings, up to a $50,000 maximum.