Need to Know: 2026 Retirement Contribution Limits Announced
- Robin Weingast
- 1 day ago
- 2 min read
The IRS has announced new retirement contribution limits for 2026, giving savers expanded opportunities to build long-term financial security. Whether you participate in an employer-sponsored plan, contribute to an IRA, or are nearing retirement age and eligible for catch-up contributions, these updates can help you accelerate your progress.
Key Updates for 2026
Employer-Sponsored Plans (401(k), 403(b), 457(b), and TSP)
The annual employee contribution limit is increasing to $24,500 (up from $23,500 in 2025).
RA (Traditional and Roth)
The annual IRA contribution limit is increasing to $7,500 (up from $7,000).
Catch-Up Contributions (Age 50+)
For employer-sponsored plans, the catch-up limit increases to $8,000 (up from $7,500).
Enhanced Catch-Up for Ages 60–63
Participants ages 60–63 remain eligible for the higher catch-up level of $11,250.
SIMPLE IRA and SIMPLE 401(k) Plans
The standard employee contribution limit rises to $17,000 (up from $16,500).The catch-up contribution limit increases to $4,000 (up from $3,500).
These changes reflect cost-of-living adjustments and the ongoing implementation of the SECURE 2.0 Act, which expanded opportunities for tax-advantaged retirement saving.
Why This Matters
Higher contribution limits give savers more flexibility and more room to grow retirement assets:
Maximizers can put away more tax-advantaged money each year.
Individuals nearing retirement can leverage expanded catch-up limits to close savings gaps.
Anyone contributing regularly can revisit their strategy to ensure they’re taking full advantage of the new thresholds.
Employers and benefits teams can use this moment to educate participants and encourage better savings habits.
2026 Retirement Contribution Limits at a Glance
Plan Type | 2026 Standard Limit | 2025 Standard Limit | 2026 Catch-Up (50+) | 2025 Catch-Up (50+) |
401(k) / 403(b) / 457(b) / TSP | $24,500 | $23,500 | $8,000 | $7,500 |
Ages 60–63 (Employer Plans) | — | — | $11,250 (higher catch-up) | — |
IRA (Traditional & Roth) | $7,500 | $7,000 | $1,100 | $1,000 |
SIMPLE IRA / SIMPLE 401(k) | $17,000 | $16,500 | $4,000 | $3,500 |
Next Steps
If you want to take advantage of the new limits:
Review and update your payroll contribution settings before the new year.
Consider catch-up contributions if you're age 50 or older.
Check your plan details, especially for SIMPLE IRAs or plans offering enhanced catch-ups.
Consult a financial professional if you need tailored guidance.
The 2026 increases offer a timely opportunity to strengthen your retirement readiness and set yourself up for long-term success.
Questions about what this means for you or your employees? Contact the Robin S. Weingast & Associates team to discuss your 2026 plans!
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