Highly compensated employees can face income limits for 401(k)s. Learn when these income limits apply and to whom they apply.

Thinking about supercharging your retirement plan? Learning how to max out 401k contributions could be your ticket to a more ...

Key Points It’s really hard to max out a 401(k), especially on an average salary. If you can’t max out, at least try to snag ...

2023 allows a $22,500 max 401(k) contribution, with $30,000 for those 50+ considering catch-ups. Maximize 401(k) contributions if stable financially, devoid of high-interest debt, and with an ...

The Allworth Advice is that, in most cases, it's better to keep crypto outside of a 401 (k), especially if you're not an expert. Because if you put too much of your retirement savings into crypto and ...

The 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000. Workers ages 60 to 63 have ...

For 2024, employees can contribute the $23,000 standard contribution limit to a Roth 401(k) and an additional $7,500 catch-up limit for those 50 and older. The base contribution limit for 2025 is ...

You may be able to save more for retirement soon thanks to an increase in the 401(k) contribution limit for 2025. The IRS adjusts contribution limits and other tax provisions for inflation each year.

In addition to providing a cost-of-living adjustment to the tax brackets, the IRS announced cost-of-living adjustments to health savings accounts (HSAs) and retirement plans for 2023 as a result ...

A 401(k) not only lets you passively save and invest for retirement, it also gives you a tax break while doing so.

The current annual individual contribution limit for a 401(k) is $23,000. For these very early career individuals, average and median 401(k) balances are around $11,300. But the more concerning ...

After-tax contributions. Once you have maxed out your employee 401(k) contribution limit for the year, some plans allow additional after-tax contributions. As the name suggests, those ...