Retirement Savings Contribution Limit Increase Announced

While the catch-up contribution limit for those 50 and older remains at $7,500, there is a new, higher catch-up limit of $11,500 for individuals aged 60-63 in 2025.

Whether you’re planning for your future or helping others with their retirement planning, understanding these changes is crucial to optimizing your financial strategy. To help you navigate these updates and make the most of the new limits, TIAA and HB Retirement financial consultants will be available for personalized meetings on campus.

Check out the Retirement Plan webpage for upcoming meeting dates and times. Take this opportunity to explore how these new limits can benefit you and your future.