In 2025, the most you can contribute to a Roth IRA (or traditional IRA) is $7,000. If you're 50 or older, you can add another $1,000 catch-up contribution , but even then, that's a drop in the ...

We in the financial planning world love our acronyms: 401k, IRA, TSP, RMD, S&P500 and many more. You likely have an alphabet soup in your investment portfolio.

It turns out that the accumulation of savings phase is the easier part of retirement, when workers can sock away money in an individual retirement account or workplace account, such as a 401(k).