IRS increases pension and retirement plan contribution limits for 2025
What’s the cost of withdrawing early from your 401(k)? What’s the cost of withdrawing early from your 401(k)? 02:56 The IRS on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500, up from $23,000 in 2024. The Internal Revenue Service detailed the increases in its