Tag: 401k
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Exciting Updates to 401(k) and IRA Limits for 2025
Great news for anyone looking to start—or boost—their retirement savings: 2025 is shaping up to be a year where you can stash even more for the future. The IRS has upped the contribution limits for 401(k) and IRA accounts, giving people more breathing room to grow their nest eggs. Limits keep up with the cost…
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Switching Jobs? Don’t Forget About Your 401(k)
Starting a new job is exciting—a new paycheck, new people, and new opportunities. But in the whirlwind of change, it’s easy to forget something crucial: our retirement savings. According to a Vanguard study, many job switchers lower their retirement savings, often without even realizing it. Over time, this oversight can cost them up to $300,000…
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Why Setting Up Your 401(k) Early is Essential
When I first started working, I didn’t think too much about my 401(k), but I’m so glad I enrolled right away—it made a huge difference. That retirement money has the most time to grow, thanks to compound interest. If your employer offers this benefit, taking advantage of it early can help you build a strong…
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Understanding 401(k)s, Traditional IRAs & Roth IRAs
When it comes to planning for retirement, you might have heard about it but not know much about how and when to start saving for it. Retirement planning means putting money aside now so you can live comfortably later in life when you’re no longer working. The earlier you start, the better. If you can,…