2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

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2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

The IRS officially announced the new 401(k) contribution limits for 2025 (full news release), which also included a new “super catch-up” allowance for people who are ages 60-63 at year-end 2025. Strangely, it goes back down once you are age 64. I hadn’t heard of this before now. As usual, by “401(k)” I mean that it applies to 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan. Follow link to read more from MyMoneyBlog. https://www.mymoneyblog.com/2025-401k-contribution-limits-super-catch-up.html

 

2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

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2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63

The IRS officially announced the new 401(k) contribution limits for 2025 (full news release), which also included a new “super catch-up” allowance for people who are ages 60-63 at year-end 2025. Strangely, it goes back down once you are age 64. I hadn’t heard of this before now. As usual, by “401(k)” I mean that it applies to 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan. Follow link to read more from MyMoneyBlog. https://bit.ly/4fjqCqc

 

Female Federal Employees in the Home Stretch: Preparing for Your Secure Retirement

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Female Federal Employees in the Home Stretch: Preparing for Your Secure Retirement

If you’re ready to retire from your federal government career, congratulations!

You’re probably looking forward to time off to do new things. But ensuring you have the resources available to support those new things means you must be retirement-ready.

Retirement readiness is more than having enough money tucked away, though that’s important. Now is the time to focus on near-retirement planning as a federal woman employee. Doing so means you’ll have the support to enjoy your post-career life.

Maximizing TSP/IRA Contributions

You might have taken time off to raise a family or care for elderly relatives. Follow link to read more from Serving Those Who Serve. https://bit.ly/3BUkDcv

 

What Does Telework for Federal Employees Look Like Under a Harris, or Trump Administration?

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What is likely to happen with the federal government’s telework policies after the election? 

Since implementation of the Telework Enhancement Act of 2010, federal agencies have leveraged workplace flexibilities as a way to support an adaptable workforce capable of achieving objectives and navigating challenges and workforce needs, according to the U.S. Office of Personnel Management (OPM).

But what can federal employees expect with regard to telework following Election Day — under a new administration in place in January 2025 — with either Kamala Harris or Donald Trump as president? Follow link to read more from FedSmith. https://bit.ly/3NLWd7L

The Rise of TSP Millionaires: How Federal Employees Are Achieving Seven-Figure Savings

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The Rise of TSP Millionaires: How Federal Employees Are Achieving Seven-Figure Savings

In recent years, the number of TSP millionaires has been steadily rising, with nearly 117,000 federal employees now holding seven-figure balances in their Thrift Savings Plan accounts. This significant growth is largely attributed to strong market performance, disciplined long-term saving, and the power of compounding.

Whether you’re early in your career or nearing retirement, learning how to become a TSP millionaire can help you maximize your TSP. Here’s what you need to know. Follow link to read more from Servicing Those Who Serve. https://bit.ly/48o7NiX