Most people think about income when they think about wealth, but true financial security often comes from how investments are structured and managed over time. Taxes are one of the biggest factors that can eat into growth if they aren't planned for carefully. With the right tax strategies, you can reduce unnecessary tax costs, strengthen your portfolio, and preserve more of your wealth for the future.

The IRS recently announced updates to retirement plan contribution limits for 2025, giving savers a chance to build their financial futures more effectively. Whether you're just starting your retirement journey or refining an existing plan, understanding these changes can help you take full advantage of tax benefits while maximizing your savings potential.Here's what you need to know about these updates and how they can support your financial goals.