3 Big Changes for Retirement Planning in 2026
- Cherie Sayban
- Apr 14
- 2 min read
Retirement planning is always evolving, and 2026 brings several important changes that could affect how you save, invest, and plan for your future. Staying informed helps you maximize your retirement savings and make smarter financial decisions. Here are three major changes to watch for this year.
1. Higher Contribution Limits for Retirement Accounts
The IRS has increased contribution limits for both 401(k)s and IRAs in 2026:
401(k), 403(b), and 457 plans: You can now contribute up to $24,500 if you’re under 50, and $32,500 if you’re 50 or older (catch-up contribution included).
Traditional and Roth IRAs: The annual contribution limit has risen to $7,500, with a $1,100 catch-up for those 50 and older.
This means more opportunities to save tax-deferred or tax-free dollars for retirement. If you haven’t maxed out your contributions in past years, now is a great time to catch up.
2. Changes to Required Minimum Distributions (RMDs)
Starting in 2026, the age at which retirees must begin taking required minimum distributions (RMDs) from certain retirement accounts is still 73, but the IRS updated the life expectancy tables used to calculate RMDs.
This change may lower your RMDs, which could reduce your annual taxable income.
Lower RMDs also give your retirement accounts more time to grow tax-deferred, potentially improving your long-term retirement security.
It’s important to review your account balances and plan strategically to minimize taxes while meeting distribution requirements.
3. New Catch-Up Opportunities for High Earners
The SECURE 2.0 Act introduced additional catch-up contributions for employees earning over $150,000 per year. Beginning in 2026:
Those high earners can contribute even more to their 401(k) or other workplace retirement plans beyond the standard limits.
This is a tax-savvy way to accelerate your savings in the years closer to retirement.
If you qualify, this change offers a significant opportunity to boost your nest egg while taking advantage of tax benefits.
It isn’t One Size Fits All
Retirement planning isn’t one-size-fits-all, and the 2026 updates mean it’s time to review your strategy. Increasing contributions, understanding new RMD calculations, and taking advantage of catch-up provisions can help ensure your retirement is financially secure.
A CPA can help you tailor these changes to your personal situation, optimize your tax strategy, and keep your retirement goals on track.
If you’re ready to make the most of these 2026 changes, schedule a consultation today at CherieSaybanCPA.com.
About the Author
Cherie Sayban is a certified public accountant. She has over 25+ years of experience in Finance, Accounting and Bookkeeping.
Cherie Sayban CPA provides various financial and accounting solutions to small and mid-size businesses. Our portfolio includes: tax preparation, payroll preparation, accounts receivable and payables, general ledger, and QuickBooks . Our bookkeeping workshops are offered both in-person and virtually.
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