By Tanner Doudna
The IRS announced today the new, higher contribution limits for 2025. A great new rule for savers is being implemented back from late 2022 when the SECURE Act 2.0 was passed. People who will be ages 60, 61, 62, or 63 at the end of 2025 have an extra amount they can put into their 401k/403b/457. See below for a some of the higher limits.
Investing is about time in the market, not timing the market and you can read more about the power of compoud interest here. We are here to help you reach your goals and determine the best way to get your money to work for you!