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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. ... Thrift Savings Plan to $23,500, up from ...
For plans like a 401(k), 403(b), Thrift Savings Plan, some 457 plans and Simple IRAs and 401(k) plans, the total contribution limit for participants age 60 to 63 in 2025 is $34,750.
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 ...
Contributions to a traditional IRA aren't automatically deducted from your paycheck pre-tax like a 401(k), but you can deduct your contributions if you meet certain requirements. In 2025, the ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... before taxes, in 2025. ... governmental 457 plans and the federal government’s Thrift Savings Plan. Catch ...
If you have a 401(k), or plan to have one soon, you might want to know about the SECURE 2.0 Act. This piece of legislation passed in December 2022 but set the stage for 401(k) changes in 2025.
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
In 2025, the contribution limit for 401(k) plans has gone up to $23,500. So you’ll be able to invest even more. And if your employer matches contributions, even better.