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Back to EpisodesArt Werner: Maximize Retirement Contributions for 2025 | Quick Tax Tip
Description
Retirement planning isn't just about saving - it's about strategy.
Quick Tax Tip
With Art Werner
With tax laws constantly evolving, finding the right balance between financial planning, tax reduction, and compliance with the Internal Revenue Code can feel like a moving target. Fortunately, powerful opportunities are available in 2025 to maximize your retirement savings while minimizing your tax burden.
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For instance, contribution limits to 401(k)s have significantly increased. In 2025, you can contribute up to $23,500; if you’re 50 or older, you can add an extra $7,000 in catch-up contributions. That’s a major opportunity to secure your financial future while reducing your taxable income today.
But should you contribute to a Roth 401(k), a traditional 401(k), or other savings account?