There is a lot at stake for Americans' personal finances next years, between the potential implementation of sweeping tariffs and the uncertainty of tax cut extensions. One guarantee: Some retirement savers will be able to contribute even more money to their workplace accounts.
Starting next year, Americans aged 60-63 will be able to contribute up to $11,250 in extra funds to their 401(k)s, 403(b)s, or 457(b) plans, thanks to the SECURE Act 2.0, a 2022 law that made a variety of changes made to retirement accounts and investments, including pushing back the age for required minimum distributions and loosening restrictions on withdrawing funds.
