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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 you like to go big and max out your retirement accounts, you'll appreciate the latest news: The IRS is bumping up the standard contribution limit for 401(k) plans to $23,500 in 2025. That's up ...
A SECURE 2.0 Act rule change that went into effect Jan. 1 now enables adults who will be between the ages of 60 and 63 by the end of 2025 to make an even larger catch-up contribution.
With a new year often comes tax changes, and those who save money in tax-advantaged retirement accounts like IRAs and 401(k) ... “Most of these rules are based on age, income or tax filing ...
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)...
A special rule change laid out in the SECURE 2.0 Act from 2022 will go into effect on Jan. 1. The new rule increases the catch-up contribution limits for 401(k)s. The thing is, it only applies to ...