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She explained that the 2025 standard contribution limit was raised $500 from $23,000 to $23,500.
However, the catch-up provision for participants over 50 did not change it stays at $3,500.
This super catch-up provision is indexed to inflation and may increase over the years.
And the base rate for Medicare Part B is going up by about 6% for 2025.
The limit is going up from $105,000 in 2024 to $108,000 in 2025, Coley said.
Who Will Be Most Affected?
Most of these rules are based on age, income or tax filing status.
But that does not mean prices are dropping, it means they arent rising as fast.
Its more important than ever to make a run at increase your savings for retirement.
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