Will you be 60, 61, 62, or 63 in 2025? Are you still employed and contributing to your company retirement plan? Then start planning now for the added contribution you may make starting in 2025.

Catch-Up Contributions

You may be aware that under current law, employees who reach age 50 are permitted to make catch-up contributions to their company retirement plan which exceeds the otherwise applicable limits. In 2023, the maximum contribution to 401(k), 403(b), and 457 plans is $22,500 with an additional $7,500 catch-up contribution for employees aged 50 or older for a total of $30,000. The maximum contribution to SIMPLE IRAs is $15,500 with a $3,500 catch-up for a total of $19,000.

A provision in the recently enacted SECURE 2.0 Act of 2022 increases the catch-up limit starting in 2025 for employees who are ages 60, 61, 62, or 63. Instead of $7,500, the catch-up will be the greater of $10,000 or 150 percent of the 2025 regular catch-up amount for 401(k), 403(b), 457, and Thrift Savings plans. The increase is $5,000 or 150% of the regular catch-up for SIMPLE and SEP IRAs. After 2025, the increased amounts will be indexed for inflation.

What Does This Mean for You?

If you are approaching retirement and you fear that you do not have enough set aside to retire with the lifestyle you want, the increase in the contribution limit offers the opportunity to play catch-up for four years. The added contribution may mean that you cut back in spending in another area of your life, but if putting more money aside for retirement is one of your priorities, then take advantage of the contribution increase.

Maybe you don’t know if you have enough put away to last through retirement. Then I suggest that you talk to a CERTIFIED FINANCIAL PLANNER professional. A CFP® professional has gone through rigorous training in investment planning, tax planning, retirement planning, estate planning, insurance planning, financial management, and education planning.

They must have a bachelor’s degree, complete a comprehensive exam as well as hours of professional experience. In addition, ongoing education coursework including a CFP Board approved ethics course is required. Each CFP® professional commits to a Code of Ethics and Standards of Conduct to act as a fiduciary, and therefore always act in the best interests of a client. You can find a CFP® professional in your area at the http://www.letsmakeaplan.org website.

Let’s Have a Conversation:

Do you intend to take advantage of the increased retirement plan catch-up contributions? Have you established a financial plan for retirement? Are you aware of the CFP® professional designation?

Nicole Martin’s Green Strapless Bustier Top on Instagram

Real Housewives of Miami 2023 Instagram Fashion

Nicole Martin totally slayed in her olive green get-up. She had a sexy bustier top paired with some satin pants creating the perfect mix of business and pleasure. She also was kind enough to share the deets on it. Leaving us with nothing more to do than book it down to the links and Style Stealers below.

Sincerely Stylish,

Jess

Click Here to Shop Her The Sei Top

Click Here to Shop Her The Sei Pants

Click Here to Shop Her YSL Pumps

Click Here to Shop Additional Stock

Click Here to See Her Hermes Bag

Photo + Info: @drnicolemartin

Originally posted at: Nicole Martin’s Green Strapless Bustier Top

Lindsay Hubbard’s Pink Sheer Feather Top on Instagram

Summer House 2023 Instagram Fashion

Lindsay Hubbard was definitely thinking pink in her head-to-toe outfit. She was also thinking about her fashion fans (us) and spilled the tea on the fab ‘fit. Her pink sheer feather top and pink leather pants are both by LAPOINTE and both gorgeous. So with out further adieu let me pointe you to the direction where you can get your hands on them.

Sincerely Stylish,

Jess

Click Here to Shop Her LAPOINTE Top

Click Here to Shop Her LAPOINTE Pants

Photo + Info: @lindshubbs

Originally posted at: Lindsay Hubbard’s Pink Sheer Feather Top

March Most Read, Best Sellers and Most Liked

March is coming to an end and we’ve got another month of Real Housewives fashion in the books. And while our best seller roundup was previously exclusive to our email list and Instagram audience, I figured it was time to share these gems with all!  Lucky for us, these items are perfect for Spring and Summer.

The Realest Housewife,

Big Blonde Hair

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Click the Product Images to Shop

10. Who is Your Real Housewives of Miami Date Night Style Match? 9. Summer House Season 7 Episode 5 Fashion 8. Summer House Season 7 Episode 7 Fashion 7. Real Housewives of Miami Season 5 Finale Fashion  6. Summer House Season 7 Episode 6 Fashion 5. Melissa Gorga’s Black and White Ombre Shirt and Pants 4. Summer House Season 7 Episode 3 Fashion 3. #RHONJ Inspired Spring Looks 2. Summer House Season 7 Episode 2 Fashion 1. Ariana Madix’s Pink and Green Ombre Dress

1 Ariana Madix’s Ombre Dress 2. Ariana Madix’s “Boys Lie” Sweatsuit 3. Kyle Richards’ Red Strapless Embellished Dress 4. Leva Bonaparte and Caroline Stanbury’s Jumpsuit 5. Kyle Richards’ Embellished Mini Dress

Originally posted at: March Most Read, Best Sellers and Most Liked

Kyle Richards’ Rainbow Velvet Purse on Her Instastories

Real Housewives of Beverly Hills 2023 Instagram Fashion

Sometimes escaping to the bathroom is self care. And sometimes online shopping is self care. Which is why we are bringing you a little piece of relief by helping you shop Kyle Richards’ rainbow velvet purse. Because life may not always be rainbows and butterflies, but at least our accessories can be!

Sincerely Stylish,

Jess

Click Here to Shop Her Kurt Geiger Purse

Photo + Info: @kylerichards18

Originally posted at: Kyle Richards’ Rainbow Velvet Purse