Скачать или смотреть How Do 401(k) Contribution Limits And Catch-up Rules Work? - Asian American CPA

How Do 401(k) Contribution Limits And Catch-up Rules Work? Are you curious about how 401(k) contribution limits and catch-up rules work? In this clear and straightforward video, we’ll explain everything you need to know to make the most of your retirement savings. We’ll cover the standard contribution limits for 2025, including how much you can put in from your paycheck and how these limits help reduce your taxable income. For those aged fifty and above, we’ll discuss the additional catch-up contributions available and how they can boost your retirement funds.

We’ll also explain the special rules for individuals aged sixty to sixty-three, allowing for higher catch-up contributions. Additionally, we’ll detail how employer contributions can supplement your savings, including matching and profit-sharing options, and the overall contribution caps for different age groups. It’s important to know that your total contributions cannot exceed your annual salary, and we’ll clarify how after-tax contributions fit into the picture.

Understanding these rules helps you plan more effectively for your future, potentially lowering your current taxes and increasing your retirement savings. Whether you’re just starting out or looking to catch up, this video provides helpful guidance to make smarter financial decisions. Always check with your plan administrator for specific options available to you.

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About Us: Welcome to Asian American CPA! Our channel is dedicated to providing clear and accessible tax guidance tailored specifically for Asian American communities. We cover essential topics, including tax filing for immigrant families, bilingual tax resources, small business taxes, and understanding U.S. tax laws.