Retirement planning sees three key changes this year.

Secure 2.0 requires Roth-only catch-up contributions this year for certain higher-income workers in workplace plans, and the One Big Beautiful Bill Act raised the SALT deduction cap to $40,000.

For retirement savers and retirees, the new year brings several policy changes beyond routine inflation adjustments. Secure 2.0 continues to phase in and affects catch-up contribution rules for some workplace plans. The One Big Beautiful Bill Act also introduced changes that alter state and local tax deductions. The article summarizes three notable changes and reports on possible implications. Noted changes: - Secure 2.0 requires that higher-income workers with $150,000 or more in FICA wages in the prior year who are age 50 or older direct catch-up contributions in 401(k) and similar employer plans to Roth accounts beginning this year. - For 2026, the article reports the basic 401(k) contribution limit is $24,500; those over 50 may make an $8,000 catch-up contribution for a total of $32,500, and people ages 60 to 63 may make a "super-catch-up" contribution of $11,250 on top of the $24,500 base. - The article notes that some 401(k) plans do not offer a Roth option and reports IRA contribution limits for this year as $8,600 for people over 50 and $7,500 for those under 50; it also mentions taxable brokerage accounts for amounts beyond retirement limits. - The One Big Beautiful Bill Act raised the state and local tax (SALT) deduction cap from $10,000 to $40,000 starting in 2025, with a planned return to $10,000 in 2030. - The article reports the higher SALT limit phases out for taxpayers with modified adjusted gross income above $500,000 and discusses how that interacts with choices about retirement plan tax treatment and other income-related strategies. Summary: These changes alter the tax treatment of some catch-up contributions and the amount of SALT that can be deducted, which the article reports could influence how households approach retirement and tax planning. Exact effects depend on individual income, plan details, and how the phased provisions are implemented. Undetermined at this time.