6 New Retirement Rules And Tax Changes Everyone Should Know

6 New Retirement Rules Everyone Should Know In 2024 And 2025

In the last few years, we’ve seen a flurry of new retirement rules and changes to tax law affecting retirement account contributions and withdrawals. The sweeping new rules impact nearly every taxpayer, including those inheriting a retirement account. Here are six key new retirement rules and tax law changes everyone should know in 2024 and 2025.

The End Nears For High Earners To Make Pre-Tax Catch-Up Contributions

Thanks to the Secure Act 2.0, starting in 2026, employees age 50 or over can only make catch-up contributions to an after-tax Roth account. The new rule will only impact individuals deemed ‘high earning’, defined as those making more than $145,000 (indexed) in the prior year for the same employer.