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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...
According to the agency’s news release, the maximum contribution that an employee can make to a 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan (TSP) is ...
The IRS released the maximum annual contributions to 401(k) ... workers who are 50 and older can contribute up to $30,000, starting in 2023. ... The catch-up contribution limit for workers 50 and ...
The challenges with catch-up contributions. Considering the EPI research shows those between 55 and 64 tend to have around $10,000 set aside in retirement funds, super catch-up contributions could ...
Continue reading → The post 401(k) Contribution Limits for 2022 and 2023 appeared first on SmartAsset Blog. ... is a great way to prepare for retirement, allowing for tax-deferred growth and, in ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... IRS raises 401(k) contribution limits, adds super catch-up for 60-63 year olds in 2025. Medora Lee, USA TODAY ...