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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 ...
Contribution Limit Changes. ... 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. This “super ...
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 ...
The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services.
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... governmental 457 plans and the federal government’s Thrift Savings Plan. Catch-up contributions for those ...
Those same limits apply to 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan. Most typically, the portion of your income that you contribute to your 401(k) is tax ...
The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. The most savings allowed in a 401(k) is $31,000 in 2025 for other employees aged 50 ...
The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. ... Contribution Limits. There is a limit to the amount of ...