News

SmartAsset on MSN.com · 17h

Are Catch-Up Contributions Worth It at Age 55 With $1.2 Million in My 401(k)?

Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For many savers who are behind on their retirement savings goals, catch-up contributions represent a not-to-be-missed second chance at securing a more comfortable retirement.
JD Supra · 6d

IRS Proposes Changes to 401(k) Catch-Up Contributions

Our Employee Benefits & Executive Compensation Group discusses what plan sponsors and fiduciaries need to know about the Internal Revenue
Icon for www.investopedia.comInvestopedia · 4d

IRA Contribution Limits for 2025

For 2025, traditional and Roth IRA contributions are capped at $7,000 with a $1,000 catch-up for those aged 50 and over. Article Sources Investopedia requires writers to use primary sources to ...
Icon for www.thestreet.comTheStreet.com · Aug 25, 2023

IRS Announces Administrative Transition Period for New Roth Catch‑up Requirement; Catch-up Contributions Still Permitted After 2023

This notice provides initial guidance for section 603 of the SECURE 2.0 Act, enacted in December 2022. Under that provision, starting in 2024, the new Roth catch-up contribution rule applies to an ...
CNBC · 21d

These 3 robo-advisors will match your IRA contribution up to 3%

Robo-advisors are going beyond the typical welcome bonus for new account holders — you can now earn a match on your IRA contributions up to 3%. On a one-time contribution of $5,000, for example, a 3% match would mean an extra $150 into your account.
Icon for money.usnews.comU.S. News & World Report · Feb 17, 2023

New Opportunities to Make 401(k) and IRA Catch-Up Contributions

The changes for 401(k) and IRA catch-up contributions include: A higher 401(k) catch-up limit for those ages 60 to 63. A higher SIMPLE catch-up limit. The IRA catch-up limit will be indexed for ...
NewsNation on MSN.com · 18d

What are the 401(k) contribution limits in 2025?

What changes were made to 401(k) contributions for 2025? The annual contribution limit for those who participate in a 401(k), 403(b), governmental 457 plan or the federal governme
Icon for www.healio.comHealio · 27d

‘Super catch-up’ contributions for retirement plans

Thus, the 2025 SIMPLE IRA super catch-up equals $5,250 (150% x $3,500). This limit will be indexed for inflation starting in 2026. To qualify for these enhanced contributions, participants must be ...
Icon for www.investopedia.comInvestopedia · Dec 31, 2015

Roth IRA Contribution and Income Limits: A Comprehensive Rules Guide

Usually, the IRS allows you to contribute an extra $1,000 each tax year in catch-up contributions ... 2022,” Page 6. Internal Revenue Service. "401(k) Limit Increases to $23,500 for 2025, IRA ...
Icon for www.morningstar.comMorningstar · Jan 11, 2023

Tips for Last-Minute IRA Contributions

The tax filing deadline for your 2022 tax return ... clear—is to make the IRA, nondeductible traditional IRA contribution, then wait at least a month till it shows up that for a moment in ...
AOL · 21d

Last Chance Before Tax Day: How To Make 2 Roth IRA Contributions in 1 Year

If you want to make a second Roth IRA contribution within a single year, you still have time -- as long as you make the second contribution before Tax Day: April 15. This might be a good idea if
AOL · 15d

3 Ways Super Catch-Up Contributions Can Help You Boost Your 401(k) and Retire Sooner

As you age, you have less time for your retirement investments to potentially grow, but you can also often contribute more to your retirement accounts. Normally, those who are 50 or over
Icon for www.financial-planning.comFinancial Planning · 21d

Maximizing IRAs, 401(k)s in a fast-shifting retirement space

This year promises to bring significant developments in the IRA and small business retirement ... Also new for 2025 is the "super catch-up" contribution that allows retirement savers aged 60 ...
Icon for www.fool.comThe Motley Fool · Oct 28, 2017

SIMPLE IRA Contribution Limits in 2024 and 2025

For employees ages 60 to 63, there's also a new "super catch-up" contribution limit of $5,250. If your workplace offers a SIMPLE IRA, or you're thinking about using one, here are the key things ...
Icon for money.usnews.comU.S. News & World Report · Oct 24, 2024

What Are the IRA Contribution Limits for 2025?

Roth IRA income thresholds will increase in 2025. Beginning in 2025, some workers ages 60 to 63 can make additional catch-up contributions. If you intend to contribute to an individual retirement ...
Icon for www.fool.comThe Motley Fool · Feb 5, 2025

IRA Contribution Limits in 2024 and 2025

IRA contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older. The SEP-IRA contribution limit is the lesser of 25% of income or $69,000 in 2024 ($ ...
Icon for www.kiplinger.comKiplinger · Oct 30, 2023

SIMPLE IRA Contribution Limits for 2025

The new catch-up contribution limit in 2025 for SIMPLE ... The Roth SIMPLE IRA was created by the 2022 SECURE Act 2.0, so some employers may not offer it yet. If the SIMPLE IRA is a Roth, the ...
Icon for www.kiplinger.comKiplinger · May 13, 2022

Roth IRA Contribution Limits for 2025

you can add an extra $1,000 per year in "catch-up" contributions, bringing the total contribution to $8,000. The actual amount that you are allowed to contribute to a Roth IRA is based on your income.