The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Thursday, including maximum contribution amounts for 401(k) plans and traditional and Roth IRAs.

Missteps can lead to higher taxes and penalties or missed opportunities to make use of your savings.

IRS boosts limits for 7 retirement accounts -- including the first IRA catch-up hike in ages. Here's how much more you can save in 2026. O ur team of professional journalists has more than 100 years of combined experience writing articles like this. Help us continue producing award-winning content by clicking the follow button above.

You're finally at the finish line and ready to close one chapter and start another. But you still have decisions to make about your retirement accounts. Keisha Blair, a Harvard-trained policy

A Roth IRA is an individual retirement account that you fund with after-tax dollars. While you don't get a tax break now, your contributions and investment earnings grow tax-free.

It’s a good problem to have: too much money saved for retirement and additional funds to leave to your heirs. Will you be one of the many who never spend it all?

Wealth Enhancement reports seven year-end tax moves to optimize savings, including maximizing retirement contributions and checking withholdings.