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Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... The IRA catch‑up contribution limit for individuals aged 50 also stayed at $1,000 for 2025, after a cost-of ...
In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. ... ages of 60 and 63 in 2025 -- a super catch-up contribution of $11,250 ...
The SECURE 2.0 Act significantly expands the availability of Roth contributions within 401(k) plans. In 2025, all catch-up contributions for employees earning more than $145,000 annually must be ...
For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. That's the standard contribution limit for employees under ...
The IRS recently announced a much higher catch-up allowance when contributing towards employer retirement plans, including 401(k)s. This amount is almost double the “regular” catch-up ...
The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. The most savings allowed in a 401(k) is $31,000 in 2025 for other employees aged 50 ...
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. ... In 2025, you’ll pay the tax on work income up to $176,100 (up from $168,600 in 2024). Earnings above that ...
Those older workers can make additional 401(k) contributions of $11,250 in 2025 instead for a total up to $34,750. Read more: 5 ways to boost your net worth now — easily up your money game ...
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