Maximize Your Retirement Savings: New 2025 Contribution Limits and Strategies

Retire Ready with Kyle Hammerschmidt

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This week on Retire Ready, host Kyle Hammerschmidt breaks down the latest updates and strategies to help you maximize your retirement savings. With big changes to contribution limits thanks to the Secure Act 2.0, it’s more important than ever to stay informed and plan ahead.

🎧 Highlights from the Episode:

• 🚀 2025 Contribution Limit Updates: Learn about the new limits for 401(k), 403(b), 457 plans, and the federal Thrift Savings Plan—now up to $23,500 (with even bigger boosts for those 60–63).
• 💼 Catch-Up Contributions: Why these changes are a game-changer for pre-retirement savers and how you can take full advantage.
• 🏦 IRA Contribution Insights: Uncover the key differences in IRA and Roth IRA limits for 2025, including strategies like the Backdoor Roth IRA for high-income earners.
• 💡 The Power of Compounding: Why investing consistently, no matter the market, is the key to long-term growth.

Kyle's expert tips will empower you to make informed decisions and build a comfortable retirement nest egg. Whether you’re decades away or
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Retire Ready Academy: https://retirereadyacademy.org/ nearing retirement, this episode is packed with actionable insights.

#RetireReady #RetirementPlanning #SecureAct2 #401k #RothIRA #FinancialFreedom
Sources:
1. 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 | Internal Revenue Service
2. Older Workers to Get ‘Super’ 401(k) Catch-Up Contributions in 2025 - The New York Times
3. Backdoor Roth IRA: Advantages and Tax Implications Explained
4. What the new 401(k) limits and other changes mean for your retirement

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.