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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 ...
The contribution limit on individual retirement accounts (IRAs) will stick at $7,000, and the catch‑up contribution limit for individuals 50 and over stays at $1,000 for 2025.
As it stands, people 50 and older can add an additional $7,500 to their 401(k) contributions, bringing the total to $31,000 for 2025. That number won't change for those between 50 and 59 years old.
If you're approaching retirement and want to boost your retirement savings, catch-up contribution limits can make a big difference. In 2025, retirement savers aged 50 and over can still make a ...
The IRS just announced 2025's IRA contribution limits. ... s will max out at $23,500 for savers under 50 and $31,000 for those 50 or over. Plus, many employers offer 401(k) matches that help ...
As of December 31, 2023, TSP has approximately 7 million participants (of which approximately 4.1 million are actively participating through payroll deductions), and more than $845.4 billion in assets under management; [1] it purports to be the largest defined contribution plan in the world. The TSP is administered by the Federal Retirement ...