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New SECURE 2.0 Super 401(k) Catch-Up Contribution for Ages 60-63. ... So, the IRS has announced that for 2025, the enhanced catch-up contribution limit for those 60-63 is $11,250.

Learn how much you can save in your 401 (k) in 2025, including catch-up contributions for those 50 and older. Find out the IRS guidelines, Roth 401 (k) rules, and after-tax contribution 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.

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

For a traditional or Roth IRA, the annual catch-up amount in 2024 and 2025 is $1,000, which boosts your total contribution potential to IRAs to $8,000. If you participate in a 401(k), Roth 401(k), 403(b), or similar workplace retirement savings plan, the catch-up opportunity is even greater: up to $7,500 a year. That means you can contribute up ...

Learn how to take advantage of the new catch-up limit of $11,250 for 401 (k)s in 2025 if you are aged 60 to 63. This is one of the six changes to IRAs and 401 (k)s in 2025 from the SECURE 2.0 Act.

The 401k Contribution Limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000, catch-up contribution to $8,000 for the age 50 or above and 12,000 for the age 60-63.

For 2025, the standard 401(k) contribution limit increased to $23,500, up $500 from the 2024 limit of $23,000. This adjustment applies to 401(k) plans, as well as 403(b) plans, most 457 plans and the federal government's Thrift Savings Plan .

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.

In 2025, 401(k) contributions rise to $23,500, with higher catch-up limits for ages 60-63. Employers must auto-enroll new hires at 3-10%. A new IRS ruling may allow matches to go toward student debt or HRAs. These changes aim to boost retirement savings and flexibility.

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 ...

Learn about the IRS standard and catch-up contribution limits for 401 (k) plans in 2025, including the new age-based enhancements for workers aged 60-63. Find out how these changes can help you maximize your retirement savings and plan strategically for your goals.

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 ...

In 2025, you will be able to put $23,500 in your 401(k), not including any match from your employer, the IRS announced Friday. Adults ages 50 to 59 can also make "catch-up" 401(k) contributions of up to $7,500, which means their total contribution limit will be $31,000 next year.

In 2023, employees will be able to contribute up to $22,500 a year, up from $20,500 to 401(k), 403(b) and other tax-advantaged employer savings plans. The limit on catch-up contributions for people 50 or older also rose to $7500 from $6500. That means a worker over 50 years old can contribute a maximum of $30,000 next year.

401(k) contribution limits are up in 2025. On this episode of Fidelity's Money Unscripted, host Ally Donnelly looks at how you can save more for retirement. ... New 401(k) limits, catch-ups, and rules in 2025. You can now save more than ever before. Fidelity Money Unscripted

The 401(k) Catch-Up Contribution Limit for 2025. Workers can defer paying income tax on as much as $23,500 on contributions to a 401(k), 403(b) and the federal government’s Thrift Savings Plan ...

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)