What the New IRS 401(k) and IRA Limits Mean for You

Gladskikh Tatiana / Shutterstock.com Quick Read IRA contribution limits are rising to $7,500 for savers under 50 and $8,600 for those 50 and over. 401(k) limits are increasing to $24,500 for savers under 50 and $32,500 for those 50 and over. There are new rules for higher earners who want to make catch-up contributions to their 401(k)s. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. ...