401(k), 403(b), 457 plan or Thrift Savings Plan. The credit can reduce your tax bill or increase your tax refund on a dollar-for-dollar basis. For example, if you owe $3,000 and get a $1,000 tax ...

Differentiate between needs and wants, and ensure savings and investments are part of the plan.” He further noted that ...

Here's how it works, along with some tips for everyone about how to hit retirement savings goals. Offsetting part of the ...

The federal government’s Thrift Savings Plan for service members and civilian employees will allow participants to transfer ...

Only one of the portfolios within the federal government’s 401(k)-style retirement savings program finished December in the ...

Participants ages 50 and up can make additional catch-up contributions of $7,500. Those ages 60 to 63 can make even higher catch-up contributions.

For 2025, you’ll be able to increase your annual contribution to your 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan to $23,500, up from $23,000.