Make the most of the second half of the year
As we reach the midpoint of 2025, now is a smart to see if you are on track when it comes to optimizing your retirement contributions. Evaluating your 401(k), Traditional IRA, or Roth IRA strategy can help ensure you’re taking full advantage of 2025 tax benefits, maximizing employer matches, and staying on track toward your long-term retirement goals. A few simple adjustments today can make a meaningful difference in your future financial security.
Why Mid-Year Adjustments Matter
Many individuals set a contribution amount at the beginning of the year and forget about it. But changes in income, bonuses, or tax situations often justify a mid-year review. Here are some key figures to consider:
- The 2025 401(k) contribution limit is $23,500, with a $7,500 catch-up for those aged 50+, totaling $31,000.
- For those aged 60 to 63, there’s a special catch-up of $11,250, raising the total to $34,750.
- The IRA limit is $7,000 (or $8,000 if you’re 50+), and contributions can still be made for the 2025 tax year through April 15, 2026.
If you’ve recently received a raise, bonus, or paid off a debt, this could be a great time to allocate extra funds toward your future.
Tax Efficiency and Employer Matching
Don’t forget the value of employer matching contributions. If you’re not contributing enough to receive the full match, you could be leaving money on the table. Increasing your contributions now allows you to maximize this benefit for the rest of the year—and possibly reduce your taxable income in the process if you’re using pre-tax accounts.
How We Can Help
At BCA Private Wealth, we help clients across Greenville, Clemson, the Southeast, and the US evaluate their retirement strategies mid-year to keep plans on track. We’ll review your cash flow, assess how contributions align with your broader financial goals, and ensure you’re taking full advantage of current IRS limits.
Whether you’re just getting serious about retirement or want a second opinion on your strategy, we’re here to help. Reach out today to schedule a consultation and see how a proactive mid-year review can improve your retirement outlook.
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BCA Private Wealth is a registered investment adviser. The advisory services of BCA Private Wealth are not made available in any jurisdiction in which BCA Private Wealth is not registered or is otherwise exempt from registration.
Please review BCA Private Wealth Disclosure Brochure for a complete explanation of fees. Investing involves risks. Investments are not guaranteed and may lose value.
This material is prepared by BCA Private Wealth for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation or any particular security, strategy, or investment product.
No representation is being made that any account will or is likely to achieve future profits or losses similar to those shown. You should not assume that investment decisions we make in the future will be profitable or equal the investment performance of the past. Past performance does not indicate future results.
