Retirement Savings Boost: 401(k) Limit Jumps to $23,500 in 2025
SaiCpa
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SaiCpa
Ongoing, First published Nov 05, 2024
401kfinancialplanningiraretirementsaicpaservicestaxes
In a move to help Americans better prepare for their golden years, the Internal Revenue Service (IRS) has announced a significant increase to the 401(k) contribution limit for 2025. The limit will rise from $22,500 in 2024 to an impressive $23,500 in the upcoming year, providing a substantial boost to retirement savings. 

This change is particularly noteworthy, as it allows individuals to contribute even more of their earnings towards their 401(k) plans, which offer valuable tax advantages. 

Whether you choose a traditional 401(k) with pre-tax contributions or a Roth 401(k) with after-tax contributions, this increase presents an excellent opportunity to maximize your retirement savings. 

At Sai CPA Services, our team of experienced financial professionals is here to guide you through the nuances of this change and help you develop a personalized retirement strategy. 

We can provide insights on employer matching, investment options, and withdrawal guidelines, ensuring you make the most of your 401(k) and other retirement accounts. 

Don't miss out on this chance to boost your retirement savings. Contact Sai CPA Services today and let us help you navigate the evolving landscape of 401(k) contribution limits and other retirement planning considerations. 

 

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Phone: (908) 380-6876 

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NJ 08816
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401kfinancialplanningiraretirementsaicpaservicestaxes
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Wendizzy's Writer Room

2 parts Ongoing

In this book, you'll get a behind the scenes look at how your favorite characters were born, my creative process, and the dirty details never before revealed. Tex's Camp Q&A: Come sit by the fire and ask me whatever you'd like. We can roast marshmallows, tell scary stories, and hang out in the comments like a big, happy family. Gator's Backstage Pass: A place full of secrets. Learn the-sometimes embarrassing-details on how my wildest scenes came to life, facts about the characters, the process, and myself.

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