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  2. What the new 401(k) limits and other changes mean for your ...

    www.aol.com/401-k-limits-other-changes-204445861...

    The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday. ... The catch-up ...

  3. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    Employees who are at least 50 years old at any time during the year are now allowed additional pre-tax "catch up" contributions of up to $6,000 for 2015–2019, and $6,500 for 2020–2021. [40] [37] The limit for future "catch up" contributions may also be adjusted for inflation in increments of $500. In eligible plans, employees can elect to ...

  4. What Are the Retirement Account Contribution Limits for 2023?

    www.aol.com/finance/retirement-account...

    Additionally, maximum Roth or traditional individual retirement account (IRA) contributions are now set at $6,500 (up from $6,000). The IRA catch-up contribution limit (a contribution that allows ...

  5. What is the Max Catch-Up 401(k) Contribution for 2023? - AOL

    www.aol.com/finance/max-catch-401-k-contribution...

    The IRS rolled out major changes to 401(k) contribution limits last week, including catch-up contributions for workers aged 50 and older. In an Oct. 21 announcement, the tax agency said the amount...

  6. Retirement contribution limits for 2023 jump by record amount

    www.aol.com/finance/retirement-contribution...

    The IRS released the maximum annual contributions to 401(k) ... starting in 2023. The annual contribution limit for IRAs increased to $6,500, up from $6,000, an increase of 8.3%. ... The catch-up ...

  7. Solo 401 (k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    A Solo 401(k) Plan includes a $6000 catch-up contribution for plan participants over the age of 50, which is not the case for a SEP IRA. A Solo 401(k) Plan can offer the owner Roth contributions, even in the case where the owner is otherwise not eligible to contribute to a Roth IRA due to the Roth's annual income limitation.

  8. Should I Put My Bonus Into My 401(k)? - AOL

    www.aol.com/put-bonus-401-k-105700402.html

    The 401(k) contribution limit in 2023 is $22,500, with an additional $7,500 catch-up provision for those 50 and older, for a total of $30,000. ... In 2024, the maximum contribution you can make to ...

  9. IRS raises 401(k) contribution limits, adds super catch-up ...

    www.aol.com/irs-raises-401-k-contribution...

    Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... In 2023, only 14% of ... The IRA catchup contribution limit for individuals aged 50 also stayed at $1,000 ...

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