The New Financial Rules: 3 Ways to Protect Your Savings Before It’s Too Late скачать в хорошем качестве

The New Financial Rules: 3 Ways to Protect Your Savings Before It’s Too Late

For 2026, protecting your savings requires navigating several updated IRS regulations and economic shifts. Significant changes to retirement contribution limits, mandatory Roth conversions for high earners, and adjusted tax deductions have created new "rules" for financial safety. 1. Maximize New 2026 Contribution Limits The IRS has increased contribution limits for nearly all retirement accounts for the 2026 tax year. To protect your future savings from being eroded by inflation, you should aim to meet these higher thresholds: 401(k), 403(b), and most 457 plans: The individual contribution limit is now $24,500, up from $23,500 in 2025. IRAs (Traditional and Roth): The annual limit has increased to $7,500, up from $7,000 in 2025. Catch-up Contributions (Ages 50+): The limit for workplace plans has risen to $8,000, while the IRA catch-up limit received a cost-of-living adjustment to $1,100. Credit: IRS (.gov)