TSP contribution limit for 2025 is 23,500 per person. Additionally, all federal employees over the age of 50 can contribute a catch-up of $7,500 per year. Starting in 2025, TSP participants who are reaching the ages of 60, 61, 62, and 63 in 2025 can contribute an additional $11,500 instead of the lower $7,500 amount ..read more

Frequently Asked Questions About Retirement? Planning for retirement is one of the most important financial goals, yet many people have questions about how to prepare effectively. At Babylon Wealth Management, we help individuals navigate the complexities of retirement planning. Below are answers to the most frequently asked retirement questions to help you confidently plan for ..read more

The Roth contribution limits for 2025 are $7,000 per person, with an additional $1,000 catch-up contribution for people who are 50 or older. There is no change from 2024. Roth IRA income limits for 2025 Roth IRA contribution limits for 2025 are based on your annual earnings. If you are single and earn $150,000 or ..read more

401k contribution limits for 2025 are $23,500 per person, up from 23,000 in 2024. All 401k participants over 50 can make a catch-up contribution of $7,500, for a total of $31,000. Starting in 2025, 401k participants who are reaching the ages of 60, 61, 62, and 63 in 2025 can contribute an additional $11,500 instead ..read more

Understanding your tax brackets for 2025 is crucial in managing your finances effectively and ensuring you make the most of your income. Tax brackets determine the rate at which your income is taxed, and knowing where you fall can help you plan for deductions, credits, and overall tax liability. For 2025, the IRS has adjusted ..read more

As we step into 2025, we will eagerly watch the stock market again, hoping to build on the gains of the past two years. While no one can predict market direction with absolute certainty, a combination of recent market trends, economic indicators, and investor sentiment provides a framework for setting expectations. Here’s a look at ..read more

Tax Saving moves for 2024. As we approach the end of the year, taxpayers have a valuable opportunity to reassess their financial strategies and explore practical ways to reduce their tax burden. Implementing last-minute tax-saving moves in 2024 maximizes savings and provides peace of mind as deadlines approach. From optimizing retirement contributions to leveraging deductions ..read more

Investing during election years often brings market uncertainty due to the potential for policy shifts. This uncertainty can prompt some investors to hold cash, fearing volatility, while others stay fully invested. Based on historical trends, market behavior, and investment principles, here’s a comparison of the potential benefits of fully investing during election years versus holding cash. 1 ..read more

Smart 401k moves to make in 2024 to grow your retirement savings. Do you have a 401k? These six 401k moves will help you grow your retirement savings and ensure that you take full advantage of your 401k benefits. A 401k plan is one of the most powerful tools available for retirement planning. It offers ..read more

Smart 401k moves to make in 2024 to grow your retirement savings. Do you have a 401k? These six 401k moves will help you grow your retirement savings and ensure that you take full advantage of your 401k benefits. A 401k plan is one of the most powerful tools available for retirement planning. It offers ..read more