4 Big 401(k) Changes in 2025: What You Need to Know

Big changes are coming to your 401(k) and workplace retirement plans in 2025 — are you ready for them? In this new episode, the Friends Talk Money team sits down with retirement policy expert Lisa Gomez (former Assistant Secretary of Labor for Employee Benefits Security) to unpack what’s changing and how it could affect your money.

• How catch-up contributions are getting a big boost for people aged 60-63
• Why Roth 401(k)s are becoming a bigger deal — especially for higher earners
• The growing trend of adding private market and crypto investments inside retirement plans (should you be excited or concerned?)
• New guaranteed lifetime income options and what they mean for your future paychecks in retirement

Lisa Gomez, who oversaw over 800,000 workplace retirement plans as head of the Employee Benefits Security Administration, shares expert insights on how these changes impact your retirement readiness, the pros and cons of more investment choices, and the crucial role of professional advice.If you're saving for retirement, planning your exit, or already retired, this conversation is for you.

• How to make the most of new catch-up contribution rules
• What “Rothification” means for your taxes and withdrawals
• The pros and cons of adding alternative investments to your 401(k)
• Smart questions to ask your employer or financial advisor

• What’s in your 401(k)? Why you need to know — especially boomers and Generation X By Richard Eisenberg (MarketWatch)