Retirement plans are changing in 2025: What to know – WPVI-TV

Washington — If you're nearing retirement, you may soon have more money stashed away in your nest egg, if you can afford it. The Internal Revenue Service announced that the maximum amount an individual can contribute to a 401(k) or similar plan will increase to $23,500 in 2025 from $23,000 in 2024. The federal government […]