2025 Retirement Plan Contribution Limits
As part of the 2025 retirement planning, Retirement Plan Advisors explores the fundamental changes that will shape 457(b), 403(b), Thrift Savings Plans, and Individual Retirement Accounts (IRAs) in the upcoming year. See what you could contribute this year.
What can you contribute this year?
457(b), 403(b), and Thrift Savings Plans
The contribution limit for employees who participate in a 457(b) plan, 403(b) plan, or the federal government’s Thrift Savings Plan is $23,500 in 2025 (up from $23,000 in 2024).
Catch-Up Contributions
The catch-up contribution limit for individuals age 50+ is $7,500 in 2025 (unchanged from 2024).
Defined Contribution Plans in Total
The total contribution limit for defined contribution plans will be $70,000 in 2025 (up from $69,000 in 2024).
IRAs
The contribution limit to an Individual Retirement Account (IRA) remains $7,000 (unchanged from 2024).
For Additional Details
Read the IRS’ full announcement.
Resolve to Save More in 2025
For more in-depth information and personalized guidance on retirement planning, contact your RPA Financial Advisor to increase your retirement plan contributions or their website to learn more.
Contact
If you have any questions or comments about 2025 retirement planning or the Retirement Plan Advisors, please contact Matthew Martin, CFP, Certified Financial Planner:
- Phone: 248.767.3828
- Email: [email protected]
Read previous Retirement Plan Advisors posts on POAM’s website.
Some information in this post was sourced from Fidelity. For additional information, please visit their website.