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Saving for retirement will get a boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act. ... (b), governmental 457 plans, and the ...
The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...
For the first time in 2025, those aged 60 to 63 can make an even larger catch-up contribution, bringing their maximum 401(k) contribution to $34,750. Obviously, taking advantage of this requires a ...
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
This allows a person whose employer has a 401(k) or 403(b) and a 457 to defer the maximum contribution amounts to both plans instead of coordinating the total and only being able to meet a single limit amount. Thus, participants can contribute the maximum $19,500 for 2021 into their 401(k) and also the maximum $19,500 into their 457 plan.
And there's maximum $11,250 catch-up contribution for another group. The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025.
Typically, you have until Dec. 31 to contribute to your 401(k) or similar tax-advantaged retirement plan, such as a 403(b) or 457 plan. While the IRS adjusts the maximum 401(k) contribution amount ...
An employer may set its maximum contribution rate at 10% to 15%. ... Suppose the 2024 contribution limit remains at $7,500 for 2025; you can “catch up” up to $11,250 in 2025.