Attention all retirement savers!

As we approach the year 2025, it's crucial to be aware of the impending changes to 401(k) plans that could significantly impact your financial future.

📈 Firstly, the contribution limits for 401(k) plans are set to increase.

In 2023, the annual contribution limit stands at $22,500 for individuals aged 50 and above, and $20,500 for those under 50.

However, these limits are scheduled to rise to $24,000 and $22,000, respectively, by 2025.

This means you'll have the opportunity to stash away more of your hard-earned money into your retirement nest egg, potentially accelerating your path to financial security. - https://businessfocusinsider.com/blog/business/upcoming-401k-changes-2025/?unique_id_x12s341n

Upcoming 401(k) Regulation Changes: What Savers Need to Know