January 2025
Make 2025 Your Year to Thrive
There’s no better time to focus on growing your retirement savings.
The Internal Revenue Service (IRS) sets the annual contribution limits for individual retirement accounts (IRAs). This year, IRA contribution limits remain unchanged, giving you a consistent opportunity to grow your nest egg.
In 2025, savers can contribute up to $7,000 to an IRA, whether it’s a Roth IRA, a traditional IRA, or a combination of the two. If you’re 50 or older, you can take advantage of the catch-up contribution limit and save up to $8,000.
RetirePath contributions default to a Roth IRA, but savers have the option to recharacterize contributions to a traditional IRA. The RetirePath savings rate starts at 5% of your total pay, with the flexibility to adjust up or down in 1% increments. Make changes to your RetirePath account online, by phone, or by completing and mailing the appropriate form.
Visit the Contributions page to learn more about how RetirePath works for savers.
There can be significant advantages to contributing to an IRA, particularly if time is on your side. Use this retirement calculator to build your savings goals. Even if you can’t max out your account this year, contributing smaller amounts can put you on the path to a more secure retirement.
