Major 2025 Changes to Retirement Plans and Savings Limits
TL;DR Summary
Key changes to 401(k) plans under the Secure 2.0 Act will take effect in 2025, aiming to enhance retirement savings for American workers. These include increased catch-up contribution limits for those aged 60-63, reduced eligibility wait times for part-time workers, and mandatory auto-enrollment for new plans. These updates are designed to address the challenges faced by many Americans in saving for retirement, as highlighted by a CNBC survey showing that 40% of workers feel behind in their retirement planning.
- These key 401(k) plan changes are coming in 2025. Here's what savers need to know CNBC
- Retirement plans are changing in 2025: What to know ABC News
- IRS Announces New Income Limits for IRA Contributions in 2025 Morningstar
- IRS changes everything in pension and retirement plans – Social Security checks affected La Grada EN
- Column | Behind on retirement savings? Here’s how you can save more in 2025. The Washington Post
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