Retirement Limits Rise But Savings Lag

The IRS just raised 401(k) and IRA contribution limits for 2026 — but here’s the catch: most Americans still can’t hit them. The new 401(k) cap is $24,500, with an extra $11,250 for those 60–63, and IRAs hit $7,500 with an $8,000 catch-up for those 50+. Yet, the average worker saves less than $1,000, and nearly 30% of retirees have zero savings. While record highs exist for those already in plans, the median balance is just $44,000 — and hardship withdrawals are climbing. These boosts help the already-ahead, not the majority struggling to build a safety net. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f94b8627d6b7f7e6