Advisors, it’s time to up the ante for your clients’ retirement plans! The IRS’s latest update on 2025 contribution limits, driven by a cost-of-living adjustment, brings fresh opportunities to optimize savings strategies without cutting...
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New 401(k) Cap for 2025 – IRA Stays Put at $7K
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Subscribe04 NOV 2024 / IRS UPDATES
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The IRS's cost-of-living adjustment for 2025 has increased the contribution limits for retirement plans, including 401(k), 403(b), 457, and federal Thrift Savings Plans, offering financial advisors and their clients new opportunities for savings optimization. Particularly notable is the "super catch-up" option, which allows clients aged 60 to 63 to contribute upto $11,250 - a strategic tweak aimed at maximizing tax-efficient savings and providing further flexibility to reduce tax liabilities while boosting retirement funds.
Advisors, it’s time to up the ante for your clients’ retirement plans! The IRS’s latest update on 2025 contribution limits, driven by a cost-of-living adjustment, brings fresh opportunities to optimize savings strategies without cutting...
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