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Learn how to increase your retirement savings with the new enhanced catch-up contribution limit of $11,250 for 2025 if you are 60, 61, 62, or 63. Find out the eligibility criteria, the standard annual deferral limit, and the Roth catch-up rule for high earners.

Learn how much you can save in your 401 (k) in 2025, including the catch-up contributions for those 50 and older and the new $11,250 limit for those 60 to 63. Find out how to invest more for retirement with after-tax contributions and Roth 401 (k) options.

Starting in 2025, employees aged 60 to 63 years old who participate in one of those work plans have a higher catch-up contribution limit. That cap is $11,250, instead of $7,500.

Defined Contribution Plans 2025 2024 Change; Maximum employee elective deferral (age 49 or younger) (1) $23,500: $23,000 +$500: Employee catch-up contribution (age 50 or older by year-end) (2)

For employees aged 50 and older with a 401(k), the catch-up contribution limit will stay at $7,500 in 2025, the same as in 2024. ... 401(k) Plan Limits 2025 2024; Maximum elective deferral for ...

For 2025, the standard catch-up contribution limit for 401(k) plans is $7,500. That means anyone who meets the age requirements can contribute a total of $31,000 to their workplace retirement plan.

In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750. That number includes a $23,500 contribution limit and a catch-up contribution of $11,250.

HSA catch-up contributions (age 55 or older) $1,000: $1,000: No change: HDHP minimum deductibles: Self-only: $1,650 ... 401k. Defined Contribution Plans: 2025: 2024: Change: Maximum employee elective deferral (age 49 or younger) ... (Annual limits) 2025: 2024: Change: Maximum credit: $17,280: $16,810 +$470: Phase-out income thresholds: Phase ...

Learn how much you can save in your 401 (k) or IRA in 2025, based on your age, income, and employer match. Find out about the new extended catch-up provision for savers aged 60 to 63 and the increased limits for highly-compensated employees.

On January 10, 2025, the Internal Revenue Service (“IRS”) issued proposed regulations providing long-awaited guidance on the updates to 401(k) catch-up contributions introduced by the SECURE 2.0 Act of 2022 (SECURE 2.0).These updates affect individuals nearing retirement age and high earners.

Starting January 1, 2025, plans may offer a higher dollar catch-up limit to employees who would attain exact ages 60, 61, 62, or 63 by the end of the year. For those participants, the limit is 150% of the regular dollar catch-up limit. For 2025, the catch-up limit for this group is $11,250 instead of $7,500.

2025 401(k) limits unveiled: Standard limit rises to $23,500, plus special $11,250 catch-up for ages 60-63. Solutions ... Take advantage of catch-up contributions. If you're 50 or older, don't overlook the opportunity to make catch-up contributions. This is especially important for those age 60-63 who can benefit from the new supersize catch-up ...

Starting in 2025, older workers can save even more for retirement via 401(k) catch-up contributions. Here's what investors need to know.

Beginning in 2025, the SECURE 2.0 law increases the catch-up contribution limits for certain ages. Those who are age 60, 61, 62, or 63 will soon be able to set aside more money in a 401(k) plan.

2025 catch-up contribution limits: The catch-up contribution limit for 401(k) participants aged 50 and over remains at $7,500. Additionally, updates to the SECURE Act 2.0 allow for a higher catch-up contribution limit for participants aged 60, 61, 62 and 63. This limit is $11,250 in 2025.

Super Catch-Up Contributions for Ages 60-63. Starting in 2025, individuals aged 60 to 63 can contribute even more than the standard catch-up limit. This “super catch-up contribution” allows you to save 50% more than the regular catch-up amount. Here’s how it works: Standard Contribution Limit (2025): $23,500; Normal Catch-Up Contribution ...

The catch-up contribution limit stays at $7,500, bringing your total possible contribution to $31,000 in 2025. Catch-up contributions for ages 60 to 63: If you are between 60 and 63, you will get an even bigger boost with the new 401k super catch-up. The SECURE 2.0 Act lets you contribute up to $11,250 in catch-up contributions, significantly ...

Super Catch-Up Contributions for Ages 60-63. Starting this year, workers aged 60, 61, 62, or 63 by the end of the tax year can make a “super catch-up” contribution to their 401(k) or SIMPLE IRA. This allows eligible participants to contribute up to $11,250 annually, 150% of the regular $7,500 catch-up contribution limit for those over age 50.

Updated 401(k) Contribution Limits for 2025. The IRS raised the 401(k) contribution limit for 2025 to $23,500, which is up from $23,000 in 2024. These limits also apply to 403(b) and 457 plans. For individuals aged 50 and older, the standard catch-up contribution limit remains unchanged at $7,500. However, those between the ages of 60 and 63 ...