Monday, January 27, 2025

2025 Contribution Limits & New Super Catch-Up Rule Explained

Are you ready to maximize your retirement savings in 2025? In this video, Director of Education John Bowens walks you through the new IRA and 401(k) contribution limits for 2025, including a special focus on the new “super catch-up” contribution limit introduced by SECURE Act 2.0. Learn more in our latest blog: https://eqtytrst.co/2025-contributions Schedule a consultation today: https://eqtytrst.co/uiraconsult Plus, it's not too late to take advantage of 2024 contribution opportunities. Learn how you can make the most of your retirement accounts before the tax deadline. Key topics covered: 2025 contribution limits for IRAs and 401(k)s Catch-up limits for retirement accounts The new “super catch-up” contribution rule Key deadlines for contributing to your 2024 retirement accounts Video Chapters: 0:00 - Introduction Overview of 2025 contribution limits. 0:10 - Why Plan Early Start maximizing contributions in January. 0:26 - IRA Contribution Limits Traditional and Roth IRA limits for 2025. 0:55 - IRA Catch-Up Contributions Extra savings for ages 50+. 1:17 - Spousal IRA Contributions How non-working spouses can contribute. 1:39 - Roth IRA Income Limits Eligibility rules for high earners. 2:04 - Backdoor Roth IRA Strategy An option for those over Roth income limits. 2:24 - IRA and 401(k): Both Allowed Clearing up misconceptions about contributing to both. 2:57 - 401(k) Contribution Limits New 2025 401(k) limits and updates. 4:07 - Solo 401(k) for Self-Employed Solo 401(k) rules and limits for business owners. 4:23 - Employer 401(k) Contributions Matching and profit-sharing explained. 5:16 - Roth 401(k) Contributions Pre-tax vs. Roth contributions in a 401(k). 5:59 - Secure Act 2.0: Super Catch-Up New 401(k) catch-up rules for ages 60–63. 6:58 - SEP and SIMPLE IRA Limits Contribution limits for self-employed retirement plans. 7:55 - HSA Contributions Tax benefits of health savings accounts. 8:49 - 2024 Contribution Deadlines You can still contribute to your 2024 IRA. 9:30 - Conclusion Reimagine Your Retirement with Equity Trust: https://eqtytrst.co/homepage Connect with us on social media! ⭐ LinkedIn: https://eqtytrst.co/linkedin ⭐ Facebook: https://eqtytrst.co/facebook ⭐ Instagram: https://eqtytrst.co/instagram ⭐ Twitter/X: https://eqtytrst.co/twitter ⭐ TikTok: https://eqtytrst.co/tiktok ⭐ Reddit: https://eqtytrst.co/reddit