Retirement
2026 retirement contribution amounts
The Internal Revenue Service (IRS) updates the eligibility guidelines and contribution limits for certain employer-sponsored plans and individual retirement accounts (IRAs). Higher “catch up” contribution limits are also set for those ages 50 and over who are closer to retirement.
2026 annual IRS contribution limits
| Contribution type | IRA | 401(k), 403(b), 457 |
|---|---|---|
| Annual contribution | $7,500 | $24,500 |
| Catch-up contribution (Ages 50 – 59) | $1,100* | $8,000* |
| Catch-up contribution (Ages 60 – 63) | $1,100 | $11,250 |
An individual or couple’s eligibility to contribute to an IRA (like a Roth IRA), or deduct the contributions made, can be impacted by their filing status and income. These guidelines are outlined on the IRS website.
These restrictions can make it harder for those earning a higher income to save enough for retirement. Thankfully, products like annuities and permanent life insurance can often serve as a helpful IRA alternative to help these individuals build tax-advantaged financial resources for retirement.
* These catch-up contribution limits also apply to ages 64+.
Source: IRS.gov
Limits indexed for inflation and subject to change.
This material provides general information that is designed to be educational in nature and is not intended as specific tax or legal advice to any particular individual nor the law of any particular state. Please seek the advice of a qualified tax or legal professional for your specific situation.
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