Financial Wellness – 2025 Retirement Plan Contribution Limits

Financial Wellness – 2025 Retirement Plan Contribution Limits

Charles Yarnold, Managing Director of Retirement Plan Services, and Ryan Swanson, Vice President of Retirement Plan Services, shared the latest updates for 2025 retirement plan contributions. The general 401(k) and 403(b) contribution limit has increased to $23,500 for individuals aged 49 and younger, while the catch-up contribution for those aged 50 and older remains at $7,500. Additionally, a new enhanced catch-up contribution allows individuals aged 60-63 to contribute up to an extra $11,250, bringing their total potential contribution to $34,750. With AGI considerations still applicable, IRA and Roth IRA contribution limits remain unchanged. If you have any questions about these updates or your retirement plan strategy, please email Ryan Swanson at rswanson@focusedwealthmgmt.com or call your adviser at (845) 691-2193.

Focused Wealth Management • Fiduciary financial advisors serving Orange County, New York

Address

Focused Wealth Management
11 Balmville Rd.
Newburgh, NY 12550
Orange County, New York
(845) 691-4035
Email Us

Tools

Retirement Portal
Calculators
2 Question Tuesday® Series
Financial Wellness Series
FAQ

Services

Mass Affluent
High Net Worth Individuals
401(k) And 403(b) Plan Sponsors
Non Profit 501c3

Form CRS | Brokercheck | Privacy Policy | ADV2

Copyright © Focused Wealth Management. All Rights Reserved. Focused Wealth Management • 11 Balmville Rd., Newburgh, NY 12550 Phone: (845) 691-4035 Fax: (845) 691-4037.

Focused Wealth Management and Osaic Wealth are separately owned companies. Securities offered through Osaic Wealth, Inc. A registered broker/dealer. Member FINRA & SIPC. Advisory services offered through Focused Wealth Management, Inc. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. Osaic Wealth and its representatives do not provide tax or legal advice; therefore it is important to coordinate with your tax or legal advisor regarding your specific situation.