New retirement rule change in 2025 will allow Americans to put $500 more in their pockets but your age will be a factor ...Middle East

Many Americans are fearful they have not saved enough for retirement. But a major change coming in 2025 will allow a number of people to put more money into their nest egg and be better prepared for the final life stage. GettyThe IRS has announced a major change to seniors’ retirement saving plans set to come into effect next year[/caption] The IRS in November announced higher 401(k) contribution limits coming into effect next year, increasing employee deferrals from $23,500 up from $23,000 in 2024. Catch-up contributions remain unchanged at $7,500 for investors aged 50 or older, but workers aged 60 to 63 can save even more. Investors aged 60 to 63 can make contribu

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