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The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up ...
Fidelity reports that roughly 22% of employees don't claim their full employer match on 401(k) plans. These workers may be leaving free money on the table because they can't afford to earn the ...
The law ushered in a new rule that provides extra catch-up contributions for employees aged 60 to 63. Those older workers can make additional 401(k) contributions of $11,250 in 2025 instead for a ...
Image source: Getty Images. 401(k) contribution limits are increasing in 2025. Having access to a 401(k) is one of the top perks you can score from your job. This employer-sponsored retirement ...
Your employer can set the initial contribution rate from 3% to 10% of your salary, or you may select your rate. ... For instance, in 2024, the 401(k) contribution limit is $23,000. So, if you ...
401(k)s have a higher limit on contributions – $22,500 – than the other main retirement savings option, an individual retirement account (IRA). For 2023, the IRS caps contributions to IRAs at ...
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