Robert Brokamp

They will know all the rules and probably have some fancy software to help you make the decision.

It's time to get it done, fools, and with less than seven weeks left in 2025, now is a good time to aim for topping off your retirement accounts.

For most employer-sponsored accounts like 401 s, the deadline for 2025 contributions is December 31st, and in most situations, those contributions must come through your company's payroll.

You usually can't just send a check to the 401 provider, so you have to change your withholding before the final pay cycle to get that money into the account.

which means it needs to be done a week or two before the end of the year.

Check with your HR department to learn the cutoff date for your company.

Now, with IRAs, you have until April 15th of next year to make a 2025 contribution.

But why wait?

The sooner you get the money in the account, the sooner it gets to work.

As a reminder, here are the contribution limits for 2025.

For IRAs, it's $7,000 plus another $1,000 if you'll be 50 or older on December 31st.

For 401Ks, 403Bs, and the federal TSP, it's $23,500 plus another $7,500 for the 50 and better crowd or another $11,250 if you'll be 60 to 63 years old on December 31st.

And that, my friends, is the show.

Thanks for spending part of your weekend with us.

And thanks to Bart Shannon, the engineer for this episode.

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