Small business owners can boost employee recruitment and retention and help themselves and their workers save for retirement by establishing a 401(k) plan. These plans can only be set up by employers, ...

“A 401(k) is a workplace savings plan that has tax advantages as an incentive to invest for retirement,” noted the financial firm Fidelity Investments. It allows you to save in a tax-deferred account.

Forbes contributors publish independent expert analyses and insights. If you are a business owner who wants to maximize your tax savings on your 2024 income, check out the Solo 401(k) and the related ...

The Internal Revenue Service has issued new rules and catch-up provisions that bring new contribution limits for 401(k) plans in 2025 to $23,500, a $500 increase over 2024. The IRS also gave older ...

The countdown to 2025 has started, and the IRS just dropped the new contribution limits for 401(k)s. If you're thinking about tucking money away in a 401(k), you'll want to pay attention to the new ...

The IRS just announced the 2025 cost-of-living adjusted contribution limits for 401(k) plans. In 2025, if you're under 50, you can stash away up to $23,500 in your 401(k). However, the catch-up ...

The youngest of baby boomers — and some older Gen Xers — could end up even more confused about how much money they can sock away in their 401(k) plans in 2025. Could someone in those age groups really ...