New Rules Regarding Your 401(k)

Jeff Sachs joins KSDK's Today in St. Louis to explain several important updates to retirement savings rules. Part-time, temporary, and gig workers who work at least 500 hours per year for three consecutive years are now eligible to participate in workplace retirement plans like 401(k)s and 403(b)s. Catch-up contribution limits have also been increased for those in their early 60s, giving people an opportunity to boost their retirement savings during peak earning years. Sachs also discussed other major changes, such as delaying required minimum distributions to age 75, allowing employer 401(k) matches for employees making student loan payments, and the ability to roll up to $35,000 of unused 529 college savings into a Roth IRA.

Added 23 Jun 2026