Want the Best of Both Worlds? Try This Investing Strategy
In an ideal world, everyone could max out their 401(k) and IRA. Unfortunately, most people aren't in a financial position to do so.
For tax year 2023, the maximum contribution to a 401(k) is $22,500 ($30,000 if you're 50 or older). For IRAs -- both Roth and traditional combined -- the maximum is $6,500 ($7,500 if you're 50 or older).
Source Fool.com
