Key Actions for Retirement Planning by Year-End 2026
- 1Individuals turning 74 by the end of the year must complete minimum required distributions by December 31, 2026.
- 2If employed and owning less than 5% of company stock, individuals may skip minimum distributions for Roth accounts and current 401(k)s.
- 3For those under age 50, the 2026 annual 401(k) contribution limit is $24,500.
So what's the key point?
People aged 74 and older must withdraw a set amount of money by the end of 2026. Those under age 50 can save up to $24,500 in a 401(k).
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.