Some retirment savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.
The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025.
The IRS announcement comes roughly one week after the agency unveiled dozens of inflation adjustments for 2025, ...
"I’m grateful for his service to this institution for the last 14 years, including 11 as commandant of the Corps of Cadets." ...
The IRS recently released the updated 401 (k) contribution limits for 2025. There's one notable change that could be particularly helpful for those aiming to get closer to their retirement goals -- ...
But thanks to the SECURE 2.0 Act, those between 60 and 63 years old have a higher catch-up contribution limit of $11,250 in 2025. That’s a significant hike, allowing these employees to contribute a ...
Mayo says that an employee must have a choice to make their catch-up contributions on a Roth or traditional basis if they earn less than $145,000 and this has been the IRS’s position. “I believe this ...
The IRS apparently will not permit retirement plan sponsors to require all participants to make catch-up contributions on a Roth basis to simplify plan administration.
The announcement provides information on all the cost-of-living adjustments affecting dollar limitations for ...
The IRS has announced new 401(k) contribution limits for 2025. In its announcement on Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024. The change ...
The Internal Revenue Service (IRS) has made a significant announcement regarding retirement savings, increasing the annual ...
A new research infographic from the National Institute on Retirement Security (NIRS) finds strong support among Americans for retirement benefits provided to state and local government employees.