Jack Martin

2025 IRS Update: 401(k) Contribution Limit Rises to $23,500, IRA Stays at $7,000

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2025 IRS Update: 401(k) Contribution Limit Rises to $23,500, IRA Stays at $7,000

IRS Update: 401(k) Contribution Limit Rises to $23,500: The IRS has announced new limits for retirement savings for 2025. There is good news for those investing in 401(k) plans as the contribution limit has been slightly increased. Meanwhile, the limit for IRA (Individual Retirement Account) will remain the same. Let’s break down these updates in … Read more