Start the Year Strong: Retirement Contribution Updates and Planning Reminders

January 6, 2026

As we begin the new year, it’s a natural time to reset and make sure your financial strategy is aligned with the latest rules and opportunities. One of the most impactful places to start is with retirement savings.

For 2026, the employee contribution limit for 401(k) plans has increased to $24,500, with an additional $8,000 catch-up contribution available for those age 50 and older. Ages 60-63 “Super” Catch-Up: An extra $11,250 (total $35,750), if your plan allows. Increasing your contributions early in the year can help take advantage of consistent saving and long-term compounding, while also potentially reducing taxable income.

It’s also important to remember that even though the calendar year has turned, you can still contribute to a Traditional IRA or Roth IRA for the prior tax year up until the tax filing deadline, typically April 15. This creates a valuable planning window to either pursue tax deductions, if eligible, or add assets to accounts that may grow tax-free over time.

Beyond contribution limits, the start of the year is an ideal time to update your financial plan. Life changes, market conditions, and evolving tax rules can all impact whether your current plan still reflects your goals. Reviewing your investment allocation, cash flow, beneficiaries, and tax strategy now can help ensure everything remains aligned and intentional as the year unfolds.

A strong start often leads to better outcomes. If you’d like to review your retirement contributions or update your financial plan, the team at Greenberg Financial Group is here to help guide you through the process.