(k) contribution limits rise to $34,750 in 2025 for workers aged 60–63. Learn how Gen X and Boomers can benefit via IRS.

・The IRS announced that 401k elective contributions will increase by $500 to $23,500 for 2025 ・The IRA contribution limits will remain the same in 2025 ・Starting in 2025, there will be a new ...

That limit applies generally to those who participate in most 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan, according to the IRS. An extra $ ... and are ...

The IRS has announced new 401(k) contribution limits for 2025. In its release Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024.

As we step into 2025, understanding the latest updates to Social Security is crucial for retirement planning. With changes in taxable income limits and strategic retirement age considerations, these ...

For the 2025 tax year, the IRS is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025.

T he IRS has issued new regulations regarding retirement plan contributions that will affect highly paid individuals (HPIs). These changes arise from the SECURE 2.0 Act and will h ...

Starting in 2025, workers aged 60–63 can boost their retirement savings with higher 401(k) catch-up contributions under the SECURE 2.0 Act. These changes could mean thousands in extra savings.

The Internal Revenue Service (IRS) has announced that contribution limits for 401(k) plans will increase in 2025. Employees can contribute up to $23,500 to their 401(k) plans next year, a $500 ...

For the 2025 tax year, the IRS is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025.