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I’m 59, plan to retire in late-2025. I want to boost my 401(k) contributions from 25% to 65% of my paycheck — but I worry my employer will figure out my retirement plans.
Starting in 2025, 401(k) and 403(b) plans established after Dec. 29, 2022, must automatically enroll all eligible employees at a default deferral rate of between 3% and 10% of their salary, and ...
You'll also have to pay taxes on distributions from traditional retirement accounts and if your provisional income exceeds $25,000 as a single tax filer or $32,000 as a married joint filer, will ...
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 ...
In this video, Matt Frankel, CFP®, discusses the newly announced 2025 Social Security earnings test limits, how it works, and what it means to you. The $ 22,924 Social Security bonus most ...
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Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
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