Here's how the new IRS inflation adjustments are increasing the contribution limits for your 401(k) and IRA in the new year.
Currently, IRA contributions max out at $7,000 for workers under 50 and $8,000 for workers ages 50 and older. In 2026, IRA contribution limits will rise to $7,500 for those under 50.
(CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments ...
You want to enjoy a comfortable retirement without worrying about how you'll pay all your bills. But that requires a pretty sizable nest egg — often seven figures. It takes consistent savings ...
For 2025, the IRS has adjusted the limits for key accounts like your 401(k) and Health Savings Account (HSA) to account for inflation, while the limits for IRAs remain steady. Knowing these numbers is ...
Conventional wisdom says, 'Contribute the maximum to a traditional 401(k) if you can.' But there are hidden downsides to ...
The raised limits take into account cost-of-living adjustments and impact pension plans and other retirement-related items for tax year 2026. The IRS on Thursday announced the annual contribution ...
If you love fresh savings news as much as I do, today's announcement is a good one. The IRS just confirmed higher contribution limits for 401(k)s, IRAs, and other retirement plans in 2026. Whether you ...
Maxing out your IRA can mean different things to different people. If you qualify for a year-end bonus, you can put this money into your IRA. You technically have until April 2026 to make 2025 IRA ...