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Saving for retirement will get a boost in 2025 ... and the federal government's Thrift Savings Plan to $23,500, up from $23,000. ... and the catch‑up contribution limit for individuals 50 and ...
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 ...
Maximum contribution — under age 50. Maximum contribution — ages 50 to 59. Maximum contribution — ages 60 to 63. 401(k), 403(b), governmental 457 plans, Thrift Savings Plan. 2024. $23,000 ...
The Thrift Savings Plan (TSP) ... As an example, in 2025, the L2025 fund will be retired and merged into the L Income Fund, while the L2075 Fund will be created ...
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.
Contribution limits for 401(k) plans and IRAs are higher for people over 50. For 2025, employees aged 50 and up who participate in most 401(k) plans or the federal government’s Thrift Savings ...
Image source: Getty Images. Adults aged 60 to 63 can now make a larger catch-up contribution. The additional $7,500 that workers 50 and older are eligible to contribute to a 401(k) is known as a ...
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