J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to $23,500, up from $23,000 for 2024. The federal government already lets those 50 and older make extra contributions so that they can save more…

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Retirement plans are changing in 2025: What to know

Starting in 2025, key 401(k) plan changes enacted via Secure 2.0 could make it easier to save for retirement, experts say.

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These key 401(k) plan changes are coming in 2025. Here's what savers need to know

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Images By Tang Ming Tung | Digitalvision | Getty ImagesAs some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. Enacted by Congress in 2022, "Secure 2.0" ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some of these provisions will go into effect in 2025.Meanwhile, roughly 4 in 10 American workers say they ar…

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J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to $23,500, up from $23,000 for 2024. 
The federal government already lets those 50 and older make extra contributions so that they can save mor…

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Images By Tang Ming Tung | Digitalvision | Getty Images    
As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say.  Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some of these provisions will go into effect in 2025. Meanwhile, roughly 4 in 10 American workers say …

Retirement plans are changing in 2025: What to know

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