401k's Could Lose This Tax Break

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8 • 883 Ratings

🗓️ 10 October 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover why 401k's could lose this tax break.

Are you on track for financial freedom...or not?

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If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.

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Transcript

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0:00.0	Be Wealthy and Smart episode 1570.
0:02.8	I'm going to live the rich life,
0:07.8	the full and best life,
0:09.2	guess if y'all know what I mean,
0:12.4	put your hands up and declare with me, yeah,
0:14.5	I'm full of bread,
0:17.4	I'm going to live a good life.
0:21.6	A beautiful and glorious life.
0:24.6	Step into a world of wealth and financial freedom without budgets, boredom, or bosses on Be Wealthy and Smart.
0:33.6	And now, here's your host, Linda P. Jones. Welcome to Be Wealthy and Smart. I'm Linda P. Jones,
0:40.6	America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show,
0:45.4	we're going to talk about how 401Ks could lose an important tax break. Now, this doesn't apply to
0:50.7	everyone. It just applies to high earners, but there is a change on the horizon for 401ks. For 2025, workers can defer up to $23,500 into 401K plans, and employees, age 50 or older, can save an extra $7,500, which is known as a catch-up contribution. That catch-up limit jumps to $11,250 for workers
1:15.0	age 60 to 63. Typically, catch-up contributions can be traditional pre-tax or after-tax Roth,
1:22.9	depending on what your 401k plan allows. But certain higher earners soon won't have a choice,
1:28.4	thanks to a change enacted via the Secure 2.0 Act of 2022. Starting in 2026, 401k catch-up contributions
1:37.2	generally must be after-tax Roth if you earned more than $145,000 from your current employer during the previous year.
1:46.2	In the meantime, older workers can choose between traditional and Roth 401K catch-up contributions,
1:52.5	assuming their plan offers both options. While traditional deferrals offer an upfront tax break,
1:58.6	you will pay regular income taxes on future withdrawals. By comparison,
2:03.8	there is no tax deduction for Roth contributions, but the funds grow tax-free. Now is the time
2:09.9	to work with your tax advisor or tax preparer to run multi-year tax projections, said certified
	...

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