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For 2025, the higher catch-up contribution limit that applies to this age group is $11,250. That's $3,750 on top of the ordinary $7,500 catch-up limit that starts to apply in the year that a saver ...
Saving for retirement will get a boost in 2025 thanks to higher contribution limits and the phase-in ... Thrift Savings Plan to $23,500, up from $23,000. The catch-up contribution limit, for those ...
The IRS updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 over four years. The IRS updated the 401(k) contribution limits for ...
The catch-up contribution limit for those over 50 remains at $7,500 for 2025, giving you a total limit of $31,000 next year. The limits apply to pre-tax, traditional retirement plans and after-tax ...
The super catch-up contribution amount is $11,250 for 2025, compared to the regular catch-up contribution amount of $7,500, which is available to those age 50 and older.
Some retirment savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.
Richard Neal, the U.S. representative for Massachusetts's 1st congressional district and chairman of the House Ways and Means Committee, introduced the SECURE 2.0 Act as H.R.2954 on May 4, 2021. It passed the House Ways and Means Committee on May 5, 2021, and passed the full House on March 29, 2022.
2021. $19,500. 2020. ... 61, 62, and 63 will see an even higher catch-up limit. For 2025, this boosted limit will be $11,250 instead of $7,500. ... Although the 401(k) contribution limits are ...