Tag Archives: 401k

Her 401(k) Contributions Vanished—and Her Company Had No Answers  wsj.com Source link

Kate_sept2004 | E+ | Getty Images There’s a big change coming for 401(k) plans that could impact a popular tax break for higher earners, experts say. For 2025, workers can defer up to $23,500 into 401(k) plans, and employees age 50 or older can save an extra $7,500, known as “catch-up contributions.” That catch-up limit jumps to $11,250 for workers …

New rules from the IRS will take away a popular retirement tax break from some of the workforce’s higher earners. Starting in 2027 — although some plans could implement the change by next year — workers aged 50 and up who earn more than $145,000 in the previous year will only be able to make catch-up contributions to their 401(k) …

A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans. The rule, which was created under the Secure 2.0 retirement law, will essentially eliminate the immediate tax break for catch-up contributions that you get for the bulk of your other contributions to a …

High Earners Age 50 and Older Are About to Lose a Major 401(k) Tax Break  The Wall Street Journal New Regulations for Retirement Catch Up Contributions  FEDmanager Treasury, IRS finalize rule for 401(k) catch-up contributions. What it means for higher earners  CNBC New IRS Retirement Rules Could Shake Up Homeowners’ Nest Eggs Under SECURE 2.0 Act  Realtor.com Saving for retirement is getting more expensive  qz.com …

US lawmakers are asking the SEC to implement US President Donald Trump’s executive order opening the $12.5 trillion 401k retirement market to crypto investments. Back in August, Trump signed his executive order permitting crypto to be featured as an option for 401 (k)’s. JUST IN: 🇺🇸 US lawmakers ask SEC to implement President Trump’s executive order opening the $12.5 trillion …

Kate_sept2004 | E+ | Getty Images The IRS and U.S. Department of the Treasury this week finalized rules for certain provisions from the Secure 2.0 Act of 2022, including catch-up contributions for 401(k) and other plans, which apply to workers age 50 and older. Starting in 2027, catch-up contributions generally must be after tax (also called Roth), rather than pretax, …

Private Equity Is Headed for Your 401(k). The Industry Is Celebrating. Should You?  Barron’s Is Cryptocurrency Already Hiding in Your Retirement Account?  Morningstar Trump’s 401(k) expansion fuels ethereum boom  Fox Business Why Gen X investors should keep crypto out of their 401(k) plans  Fast Company Press Release: Daines and Colleagues Call on DOL to Enhance Investment Options for American Workers and Retirees  Quiver Quantitative Source …

Employer-sponsored retirement funds may soon have options like private equity and cryptocurrency funds, alongside the typical stock and bond funds. tdub303/Getty Images hide caption toggle caption tdub303/Getty Images The funds in most retirement accounts are pretty basic: stocks and bonds. Now, an executive order signed by President Trump aims to lay the groundwork for an array of “alternative assets,” including …

Trump is moving fast on private equity in 401(k) plans  Axios DEMOCRATIZING ACCESS TO ALTERNATIVE ASSETS FOR 401(K) INVESTORS  The White House (.gov) Trump’s 401(k) order offers retirement savers crypto, private assets, but also higher fees and more risk  Reuters Breaking Down Trump’s Debanking Executive Order  Cato Institute Trump wants your 401(k) to access crypto and private equity. Here’s what to know.  CBS News Source …