The 401(k) contribution limit for employees in 2025 has increased to $23,500, up from $23,000 in 2024. The employer contribution limit also rises to $46,500, bringing the combined […]
401(k), 403(b), And IRA Contribution Limits For 2024
The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. In addition, […]
401(k) Balances By Generation: From Gen Z To Boomers
Fidelity recently came out with its average and median 401(k) balances by generation. They are as follows: Gen Z: Average $7,100, Median $2,500 Millennials: Average $44,900, Median $15,500 […]