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In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. ... plan in 2025 to claim your full workplace match. There's no sense in ...
This month, the IRS announced 2025 inflation-adjusted limits for retirement accounts, and the 401(k) limits are higher than ever. ... 61, 62, and 63 will see an even higher catch-up limit. For ...
To take advantage of the full match, employees would have to defer 6 percent of their salary toward the 401(k) plan. ... $7,500 for a total contribution of $31,000 in 2025. The total maximum that ...
One of the most valuable perks of a 401(k) is its high contribution limits. The additional $7,500 that workers 50 and older are eligible to contribute to a 401(k) is known as a catch-up contribution.
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.
Three significant 401(k) plan changes coming in 2025 are worth paying attention to, regardless of when you plan to retire, whether you work full-time or part-time, or whether you even have a 401(k)...
In early November, the Internal Revenue Service rolled out its new updated limits for retirement savers in 2025. To start, individuals can contribute up to $23,500 — an extra $500 from the 2024 ...
Beginning in 2025, those who will be 60 to 63 by the end of the year are eligible to make an even larger catch-up contribution, bringing their maximum contribution to $34,750.