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Assuming your income is under the IRS income threshold, you could make contributions to a Roth IRA. For 2024 and 2025, the annual maximum IRA contribution is $8,000—which includes a $1,000 catch-up contribution—if you're 50 or older. Under the SECURE Act 2.0, future catch-up contribution amounts will be indexed to inflation.

The IRA contribution limits for 2025 are $7,000 for those under age 50, and $8,000 for those age 50 or older. ... Starting in 2025, under the SECURE 2.0 Act, if you are between ages 60 and 63, you may be eligible for a higher catch-up contribution—up to $11,250 instead of $7,500—if you have either of these plans and your plan allows it ...

Catch-up Contribution for 2025. Total 2025 Annual Contribution Limit. 50-59 OR 64 or older. $23,500. ... and IRA Contribution Limits Set for 2025; Get Kiplinger Today newsletter — free.

What are the IRA limits in 2025? The limit on annual contributions to an IRA remains $7,000. The IRA catch‑up contribution limit for individuals aged 50 also stayed at $1,000 for 2025, after a ...

Adding even more complexity to the mix, starting in 2025 SIMPLE IRA participants turning 60, 61, 62 or 63 by the end of a calendar year can make an even higher catch-up contribution for that year. This “super catch-up” is $5,250 (150% of $3,500 – the 2025 regular catch-up limit.)

The new catch-up contribution limit will increase to the greater of $5,000 or 150% of the regular age 50 catch-up contribution limit for SIMPLE IRA plans in 2025. Those who are 60, 61, 62, or 63 ...

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.

Starting in 2025, the SECURE 2.0 Act of 2022 also introduced new catch-up limits for individuals age 60-63 who participate in SIMPLE IRA and SE401(k)s. If your plan allows, you may be able to contribute up to 150% of the catch-up limit: For a SIMPLE IRA, the annual catch-up contribution limit is $5,250, increasing the total contribution ...

Traditional and Roth IRA Contribution Limits for 2025. For the year 2025, the maximum contribution limits for both Traditional and Roth IRAs are as follows: Under Age 50: You can contribute up to $7,000. Age 50 and Over: You are eligible for an additional "catch-up" contribution of $1,000, bringing your total allowable contribution to $8,000.

IRAs—Traditional and Roth. For tax years 2024 and 2025, you can make a $1,000 catch-up contribution—in addition to the $7,000 annual contribution limit—if you're age 50 or older, for a maximum of $8,000.N ote that you can't contribute more than you earn in any given year. If you're married and have no income, you may be able to open a spousal IRA to save for retirement.

The 2025 IRA contribution limit remains $7,000, the same as in 2024. Savers over 50 may contribute an additional $1,000, also the same as in 2024. Roth IRA income thresholds will increase in 2025 ...

Here are the 2025 catch-up contribution limits for some common retirement savings accounts: In 2025, you can make a catch-up contribution of up to $7,500 to your 401(k) if you are 50-59 years old or if you are older than 63 years old. If you are 60, 61, 62, or 63 years old, your catch-up contribution limit is higher: $11,250. ... IRA catch-up ...

In its announcement Friday, the agency said the 2025 IRA contribution limit will be $7,000, unchanged from 2024. IRA catch-up contributions for investors age 50 and older will also stay the same ...

The standard 401(k) limit for 2025 is $23,500, with a regular catch-up for those 50 and older of $7,500, meaning the "super catch-up" represents an additional $3,750 for qualifying participants. Once a participant turns 64, they revert to the age 50 and older (or +) catch-up contribution limit in effect for that year.

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 2025 the 401(k) Catch-up amount is $7,500 and the Simple IRA Catch-up amount is $3,500. New for 2025: The Super Catch-Up. Starting in 2025, the Secure 2.0 Act allows eligible participants who are ages sixty to sixty-three to make “Super Catch-up contributions” of up to the greater of $10,000 or 150 percent of the regular Catch-up limit ...

2025 IRA contribution limits. The contribution limits for a traditional or Roth IRA increased last year but remain steady for 2025.. You can contribute a maximum of $7,000 (same as 2024). Catch-up ...

– Traditional and Roth IRA Contribution Limits: The contribution limits for traditional and Roth IRAs will remain unchanged from 2024, allowing individuals to contribute up to $7,000, or $8,000 if they are 50 or older. – Special Catch-Up for Ages 60-63: For individuals aged 60 to 63, the catch-up contribution will increase to $10,000 in 2025.

The 2025 table includes the special catch-up for employees aged 60-63 and the mandatory Roth treatment for catch-up deferrals. The following table shows the 2025 dollar limitations in comparison to the 2024 dollar limits. ... Section 2024 2025; IRA Contribution Limit – 219(b)(5)(A) 7,000: 7,000: IRA Catch-Up Contributions - 219(b)(5)(B) 1,000 ...