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Looking Ahead, the IRS Raises 401(k) Contribution Limit to $23,500 for 2025

HR Digest

The Internal Revenue Service is making some changes to how much you can contribute to your 401(k) plans. As per the IRS, 401(k) limits for 2025 have been increased to an annual amount of $23,500, up from $23,000. Will the 401(k) Cap Increase Be Enough to Help Employees Save for Retirement?

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Five Ways for Women to Take Charge of their Financial Futures

Money Talk

A study by SaverLife® found that maintaining a savings balance of $100+ is correlated with avoiding high-cost borrowing, greater financial satisfaction, and a better ability to pay utility bills. Know Your Investing Options - Major investment categories include stocks, bonds, cash equivalent assets (e.g.,

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Financial Planning Tips for Older Women

Money Talk

saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. Those likely to decrease include auto expenses, clothing, and home maintenance/utilities (if downsizing). 401(k)s), tax-deferred accounts (e.g., IRAs), taxable accounts, rental real estate, other assets (e.g.,

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Ten Upsides of Inflation

Money Talk

Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. 401(k)s) and IRAs are pegged to inflation. The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end.

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25 Unique Employee Benefits: Attract & Retain Top Talent in Today’s Market

Vantage Circle

Companies that think free snacks and a 401(k) match are enough? Retirement Plans (401(k) & Pensions) A robust 401(k) match or pension plan is a powerful signal that a company views its employees as long-term partners, not disposable resources. The modern workforce wants more. What’s next?

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401(k) Plans: 20 Things You Should Know

HR Digest

Are you planning to invest in a 401(k) retirement savings plan, but unsure of the critical things to consider before making a decision? In this article, we will share 20 essential things you need to know about a 401(k), including contribution limits, investment options, employer contributions, fees, and more.

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Simplifying Your Financial Life

Money Talk

Below are 13 time-saving financial management strategies: Automate Everything You Can - Consider automated bill-paying for insurance premiums and utility service (e.g., 401(k), 403(b), 457, or TSP). phone, electric, water) and other recurring bills and automated deposits into saving and investment accounts.

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