04/30/2026
Big News for Your 2026 Retirement Plans!
The IRS announced new contribution limits for 2026 in November, and there's a lot to look forward to! Here's a quick breakdown:
🔹 401(k), 403(b), 457 Plans & TSP: Contribution limit increased to $24,500 (up from $23,500 in 2025). If you're 50 or older, you can contribute up to $32,500 annually!
🔹 IRA Contributions: Limit increased to $7,500. Catch-up contributions for those 50 and older are now $1,100.
🔹 Roth IRA & Saver’s Credit: Income phase-out ranges have increased, making it easier to qualify and maximize your savings.
🔹 SIMPLE Accounts: Contribution limit up to $17,000, with higher limits for certain accounts.
🔹 Medicare Part B: Monthly premiums will rise to $202.90, impacting how much of your Social Security COLA you'll see.
Stay up-to-date with details about your retirement savings! For full details, check out Notice 2025-67 on the IRS website.
With most retirement accounts, once you reach age 73, you must begin taking required minimum distributions. Roth accounts are the exception. Withdrawal penalties may apply if you take the money before age 59½. Roth IRA distributions must meet a 5-year holding requirement and occur after the account holder reaches age 59½.
Sources:
IRS.gov, November 13, 2025
CNBC, November 17, 2025
Cetera Advisors LLC exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal advice, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice.
