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The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.
Changes to 401(k) rules allow for a potential boost in savings. ... The law ushered in a new rule that provides extra catch-up contributions for employees aged 60 to 63. Those older workers can ...
If your employer's 401(k) plan has auto-enrollment, you'll automatically start making contributions to your account once you're eligible. Under a federal law enacted in 2022, most new 401(k) plans ...
One of the most valuable perks of a 401(k) is its high contribution limits. The additional $7,500 that workers 50 and older are eligible to contribute to a 401(k) is known as a catch-up contribution.
Image source: Getty Images. 401(k) contribution limits are increasing in 2025. Having access to a 401(k) is one of the top perks you can score from your job. This employer-sponsored retirement ...
Three significant 401(k) plan changes coming in 2025 are worth paying attention to, regardless of when you plan to retire, whether you work full-time or part-time, or whether you even have a 401(k)...