Adults under 50 may contribute up to $23,500 to a 401 (k) in 2025. Those 50 to 59 and 64 and older may contribute up to ...
The SECURE 2.0 Act increased the catch-up contribution for some employees to $10,000 or 150% of the standard catch-up contribution, whichever is greater. Since 150% of $7,500 is $11,250, that's the ...
Retirement planning is changing in 2025, which means now is the perfect time to take a look at your retirement savings and make sure you're on track. These updates, part of the Secure Act 2.0 ...
If you’re feeling behind on retirement savings, you can make higher 401(k) plan deferrals and catch-up contributions for 2025 ...
One major change is the increase in 401(k) contribution limits ... Stephen Callahan, Trading Behavior Analyst at Firstrade More savings among lower, medium income workers “One bright spot ...
About 93% of 401(k) plans offer a Roth savings option to workers, up from 62% a decade ago, according to the Plan Sponsor Council of America. A law known as Secure 2.0 is expected to make Roth 401 ...
Personal finance expert Suze Orman urges pre-retirees to take advantage of significant new opportunities to boost their 401(k) savings. Updated contribution rules will take effect in 2025 ...
With the turn of the calendar, some employees will be able to save even more using their 401(k). That means more tax savings in 2025 and more tax-free compounding for years to come. A special rule ...
The three moves below are a great place to begin if you're ready to maximize your savings growth in 2025. Not all employers offer 401(k) matches, but if yours does, you probably want to put your ...