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Peter Cade | Getty ImagesThe IRS has announced new 401(k) catch-up contribution limits for 2026.In its release on Thursday, the agency increased the 401(k) contribution limit to $24,500 for 2026, from $23,500 this year. Catch-up contributions for savers age 50 and older will also increase to $8,000, up from $7,500 in 2025.The limits apply to 401(k)s, 403(b)s and most 457 plans, along with the federal Thrift Savings Plan. The 401(k) catch-up contributions are even higher for savers age 60 to 63, thanks to a change enacted via Secure 2.0. The catch-up contribution for these investors will remain at $11,250 in 2026,…

Olga Pankova | Moment | Getty ImagesThe IRS has unveiled the individual retirement account contribution limits for 2026.In its release on Thursday, the agency increased the 2026 IRA contribution limit to $7,500, up from $7,000 in 2025. The IRS also boosted the IRA catch-up contributions for investors age 50 and older to $1,100, up from $1,000 in 2025.  The annual individual limit applies to contributions to traditional and Roth IRAs.The IRS also unveiled new 401(k) contribution limits, 401(k) catch-up limits for savers age 50 and older, and bigger income thresholds for Roth IRA contributions, among other changes.Read more CNBC personal finance coverageIRS announces…

Julpo | E+ | Getty ImagesWhen it comes time to make a purchase, which credit card you use could soon determine how much you pay.A new settlement announced this week would end a longstanding dispute between businesses and Visa and Mastercard over credit card “swipe” fee practices.Swipe fees are charged to retailers, service providers and other merchants each time a customer uses their card. Banks and card companies typically levy about 2% or more for every transaction, according to the National Retail Federation. Previously, merchants had to “honor all cards” on a network — for example, if they accept one Visa…

The anti-carbon movement is losing steam. That hasn’t stopped Pictet, a large Swiss money manger, from finding clean-energy stocks that pack some power. The greenies are on the run. So how is it that the low-carbon portfolio run by Xavier Chollet is just now doing so well? Chollet oversees the Clean Energy Transition strategy for Pictet, one of the larger Swiss money managers. It’s a tough assignment. Over the past decade, alternative-energy stocks have fallen well behind the S&P 500 index. But this year they turned a corner. So far this year Chollet’s $5.5 billion collection of stocks is up…

Trump’s 50-Year mortgage plan aims to make homeownership more affordable through longer loan terms.Getty ImagesPresident Donald Trump’s recent embrace of a 50-year mortgage has injected an unusual idea into the debate over housing affordability. If you can’t make house prices lower quickly, perhaps you can stretch out the time associated with paying them.On social media and in remarks amplified by his housing team, Trump has floated the notion of government-backed mortgages with terms up to 50 years as a way to help home buyers locked out of the housing market by high prices and elevated interest rates. A Federal Housing…

Eric Payne (left) and Ron Mencias (right).Courtesy of Payne & Mencias GroupTeam Name: Payne & Mencias GroupFirm: Merrill Wealth ManagementSenior Members: Eric Payne, Ron MenciasLocation: Indianapolis, INTeam Custodied Assets: $3.2 billionBackground: Eric Payne and Ron Mencias met as young CPAs at Ernst & Young in 1997. Payne, a Butler University graduate and CPA, joined Merrill in 1999. Mencias—born and raised in Indianapolis and Notre Dame tennis alum—left EY in 1999 for PaineWebber’s training program, earned his MBA at night from Butler University, then teamed up with Payne at Merrill in 2002. Today the Payne & Mencias Group counts 16 team…

A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesAs the longest federal shutdown nears an end, millions of Americans may also see an end to the conflict that has put their food benefits for November on the line.The Supplemental Nutrition Assistance Program or SNAP, formerly known as food stamps, helps low-income individuals and families with monthly benefits toward food purchases.The federal government shutdown, which began on Oct. 1, led to delays or interruptions in November SNAP benefits. A…

Courtesy of the Continuum Group Team Name: The Continuum Group Firm: Morgan Stanley Wealth Management Senior Members: Scott Siegel, Steven Rosbash, Bill DeMatteo, Joseph Carmody, Jaynie Siegel Location: New York, NY Team Custodied Assets: $7.5 billion Background: Scott Siegel began his career in 1984 on the institutional fixed-income side before shifting to Bear Stearns in 1997 to advise high-net-worth clients. After Bear’s acquisition by JPMorgan, he led J.P. Morgan Securities while maintaining his client practice, joining Morgan Stanley in 2013 to build what is now The Continuum Group. Steven Rosbash, a former Goldman Sachs credit trader and Millennium portfolio manager,…

Courtesy of SiRiCa Wealth Management Group Team Name: SiRiCa Wealth Management Group Firm: Merrill Wealth Management Senior Members: Todd Silaika, Erick Richardson, Scott Calhoun, Lee Wilson, James Coker Location: Clifton Park, NY Team Custodied Assets: $3.3 billion Background: Todd Silaika took a nontraditional path to advising. Raised in Schenectady, N.Y., he worked full-time at a convention center while attending Hudson Valley Community College, then graduated summa cum laude from SUNY Albany’s business school in 1992—paying his own way through a recession. After persuading a firm executive who was visiting the convention center he worked at to give him a shot—“if…

Courtesy of Roseate Group Team Name: Roseate Group Firm: Wells Fargo Advisors Senior Members: Robert Vingi, Jr., David McCallum, Howard D. Edwards, Wendy Brewer, Aaron L. Barber Location: Charleston, SC Team Custodied Assets: $3 billion Background: Founded in 2003 by Robert Vingi Jr. and Howard D. Edwards, the Roseate Group of Wells Fargo Advisors has grown into a ten-member wealth-management practice in Charleston, South Carolina. David McCallum joined the team that same year after starting his career with Donaldson Lufkin & Jenrette (DLJ), where he helped open a private-client office in Chicago. Soon after, Aaron L. Barber, joined as an…