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Saving for retirement will get a modest boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act, which became law at the end of 2023.
Saving and investing early, often, and continuously throughout your entire working career is absolutely critical to securing your financial future in retirement. Making contributions to your 401(k ...
One drawback of IRAs is that they have much lower contribution limits than 401(k)s. Next year, 401(k)s will max out at $23,500 for savers under 50 and $31,000 for those 50 or over.
In November, the Internal Revenue Service (IRS) published its updated 2025 rules for individual retirement accounts (IRAs). Importantly, the annual contribution limits will remain the same: $7,000 ...
In 2025, the catch-up contribution limit for 401(k)s is $7,500, unchanged from 2024. So if you're 50 or older by the end of 2025, you can put up to $31,000 into your 401(k). IRA limits for 2025
The new IRS rules for 2025 IRA contribution limits could be announced any day. Based on 2024 rules, it's possible that many retirement savers could be allowed to put up to $7,000 (or more) into ...
The 401(k) is a go-to account for workers to build their retirement savings, and the IRS has just announced updates that could shake things up in 2025. On Nov. 1, the 2025 contribution limits were ...
On Nov. 1, the IRS released the 2025 contribution limits for retirement accounts, including Roth IRAs. Now is the perfect time to plan ahead and set yourself up to crush your Roth IRA goals in ...