The standard 401 (k) contribution limit for 2025 is $23,500. If you're over 50, you can add another $7,500 in catch-up contributions, bringing your total to $31,000. For workers 60 to 63, there is a ...
IRA contribution limits are increasing by $500 for those under 50 and by $600 for those 50 and older. Schedule regular transfers from your bank account to your IRA to avoid manual contributions.
The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2026, the amount most individuals can contribute to their 401(k) plans will tick up ...