The annual contribution limit for 401(k) plans is $23,500 in 2025, up from $23,000 in 2024. Employees age 50 or older can add acatch-up contributionof $7,500 in both years.3 Plans that aren't recognized by the IRS may not have a contribution limit. Aprofit-sharing planmay have ...
2023-09-12 10:16:25 I'm age 65 and looking at a $100k deferred annuity that starts paying at age 85 (20 years), with a cash refund option. If I die before age 85 (the SSA says there's a 61% chance of that), would the refund be $100k or a higher amount, based on how lo...
meaning that the annuitant cannot lose money in a down market. When the market rises, the annuitant's return is based on a predetermined formula based on the index'sgain. The owner may choose to limit theirdownsideby giving up a portion of theirupside...
Perilously far from the limit; The federal government recently increased contribution allowances for tax-deferred savings plans, hoping to encourage workers to save more money for retirement. But few people reached the old limits, much less the new ones. And that could have big repercussions a ...