Big Retirement Rule Changes Are Coming in 2025

Here’s how you can save big money:

• Starting in 2025, the 401(k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.
• While catch-up contributions for works age 50 and older will remain at $7,500, investors ages 60 to 63 can save more, thanks to Secure 2.0.
• The higher catch-up contribution for workers ages 60 to 63 increases to $11,250 in 2025. These workers can defer a total of $34,750, which is about 14% higher than 2024.