Understanding the updated contribution limits and strategies for 401(k) plans in 2025 is crucial for effective retirement planning.
The IRS has clarified some questions surrounding new catch-up contribution rules for retirement savings plans.
In a new IRS decision, high earners age 50 and older will no longer be able to make 401(k) catch-up retirement contributions.
IRS regulations are changing retirement benefits for high-earning workers 50 and older, impacting catch-up contributions and Roth 401(k) plans.
If you're a high earner aged 50+ pulling in over $145,000, brace for impact: Pretax 401(k) catch-up contributions are ...
Savers age 50 and older can contribute an extra $7,500 on top of the basic $23,500 limit for 2025. A special super catch-up option allows people between 60 and 63 years old to increase their catch-up ...
Starting in 2025, older workers in the U.S. will have enhanced opportunities to boost their retirement savings. The IRS has ...
The new contribution limits are part of the IRS' annual cost-of-living adjustments for pension plans and other retirement accounts.
High earners 50 and older will soon have to make 401(k) catch-up contributions as Roth. It all started with a ProPublica ...
The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...
IRS updates Roth catch-up contribution rules for high earners under SECURE 2.0, affecting retirement planning.
The IRS also signaled flexibility for early adopters. While the mandate doesn’t formally apply until 2027, plans can implement the Roth catch-up rule earlier if they follow a “reasonable, good faith ...