Nov. 13 (UPI) — People can place more into their 401(k) and IRA retirement accounts in 2026 after the Internal Revenue Service announced limit increases on Thursday.
The new limits are $24,500 for 401(k) accounts, which is a $1,000 increase, and $7,500 for IRA accounts, which is a $500 change.
The change for 401(k) accounts also applies to 403(b) and most 457 retirement plans, plus the Thrift Savings Plans.
For those age 50 and above, the IRS also has changed the catch-up contribution limit for 401(k) plans to $8,000 next year, which is an increase of $500.
Those between ages 60 and 63 also can save another $11,250, which is the same amount available in 2025.
The catch-up contribution amounts are on top of the $24,500 limits for 2026, so those age 50 and over can contribute a combined total of $32,500 to their 401(k), 403(b), 457 or Thrift Savings Plan in 2026.
The changes will affect a significant number of workers in the United States and its territories.
Vanguard’s 2025 How America Saves Report shows 14% of 401(k) account holders contributed the maximum amount allowed in 2024.
That figure is based on data from almost 5 million owners of more than 1,400 qualifying plans, and their average combined savings rate was about 12%, which is a record high.
The qualifying earnings amounts for making deductible contributions to qualifying IRA accounts also is changing.
Phase-out ranges for 2026 are between $81,000 and $91,000 for single taxpayers, between $129,000 and $149,000 for married couples filing jointly, and between $242,000 and $252,000 for married IRA contributors who are not covered by a workplace retirement plan.
Those are increases of $2,000, $3,000 and $6,000, respectively.
A group of Venezuelans hold signs against U.S. military intervention during a protest outside the U.S. Embassy in Caracas, Venezuela, on October 27. The embassy has been closed since 2019, when Nicolas Maduro announced the break of diplomatic relations with the United States. File Photo by Ronald Rena/EPA
Nov. 12 (UPI) — President Nicolás Maduro announced activation of a “higher phase” of the Independence Plan 200, a program of joint civilian-military exercises designed to test Venezuela’s ability to respond to external threats.
The deployment includes the Bolivarian National Armed Forces, or FANB, the Bolivarian Militia and police units across all states, with a focus on Apure, Cojedes, Carabobo and the capital region, TeleSURTV reported.
The measure, announced Tuesday by Defense Minister Vladimir Padrino, aims to “strengthen territorial defense and enhance operational readiness” amid rising geopolitical tensions in the Caribbean.
Activation of this “higher phase” coincides with the arrival of the aircraft carrier USS Gerald R. Ford in the region under the U.S. Southern Command.
The U.S. Department of Defense said the deployment is part of an operation aimed at “disrupting narcotics trafficking and dismantling transnational criminal organizations” operating in the region. However, the Venezuelan government has interpreted the move as a “provocation.”
According to Venezuela’s Defense Ministry, the new stage of the Independence Plan 200 includes command, control and communications exercises, along with simultaneous air, land, naval and river operations, the newspaper Ámbito reported.
The government described it as an “advanced phase” of the plan launched in September, aimed at ensuring “active resistance and permanent defense” against what it calls pressure and maneuvers by the United States.
Alongside the heightened military alert, the government enacted the Law of the Command for the Comprehensive Defense of the Nation, approved days earlier by the National Assembly.
The law establishes a network of comprehensive defense commands at the national, regional and municipal levels to coordinate the armed forces, civilian institutions and citizens in the “protection of sovereignty and peace.”
Maduro signed the law at the Miraflores Palace on Wednesday, invoking Article 326 of the Constitution, which defines the people’s shared responsibility in national defense. The president said he was prepared to confront any threat and ordered the immediate creation of the new commands.
“The order must be activated so that the comprehensive defense commands are established, structured and begin their work, to be prepared, if we as a republic and as a people are called to take up armed struggle to defend this sacred legacy of the liberators, to be ready to win, to triumph through patriotism and courage,” Maduro said, according to a report by NTN24.
These groups will be led by the Strategic Operational Command of the Armed Forces, which will oversee the integration, planning, coordination, supervision and control of the country’s defense organizations in support of military operations nationwide.
The government sees the legislation as a step toward strengthening its civilian-military defense doctrine, while analysts and opposition figures warn it could expand the militarization of the country and the political role of the armed forces.
Zohran Mamdani’s stunning victory in New York City’s mayoral race was built on a promise of hope and political change, a message that is resonating loudly with the people in Uganda, where he was born.
The 34-year-old leftist’s decisive win in the United States’ largest metropolis on Wednesday was celebrated by many in Uganda’s capital Kampala, the city where Mamdani was born in 1991.
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For many Ugandans, the unlikely rise of Mamdani – a young Muslim with roots in Africa and South Asia – in the world’s most powerful democracy carries an inspirational message in a country where an authoritarian leader has been ruling since even before Mamdani was born.
Uganda’s 81-year-old President Yoweri Museveni is seeking a seventh term in January elections as he looks to extend his nearly 40-year rule. He has rejected calls to retire, leading to fears of a volatile political transition.
“It’s a big encouragement even to us here in Uganda that it’s possible,” Joel Ssenyonyi, a 38-year-old opposition leader in the Parliament of Uganda, told The Associated Press.
He said that while Ugandans, who are facing repressive political conditions, had “a long way to get there”, Mamdani’s success “inspires us”.
Ugandan opposition politician Joel Ssenyonyi [File: Luke Dray/Getty Images]
Mamdani left Uganda when he was five to follow his father, political theorist Mahmood Mamdani, to South Africa, and later moved to the US. He kept his Ugandan citizenship even after he became a naturalised US citizen in 2018, according to AP.
The family maintains a home in Kampala, to which they regularly return and visited earlier this year to celebrate Mamdani’s marriage.
‘We celebrate and draw strength’
While Mamdani, a self-described democratic socialist, has vowed to tackle inequality and push back against the xenophobic rhetoric of US President Donald Trump, opposition politicians in Uganda face different challenges.
Museveni has been cracking down on his opponents ahead of next year’s elections, as he has in the lead-up to previous polls.
In November last year, veteran opposition figure Kizza Besigye, who has stood against Museveni in four elections, and his aide, Obeid Lutale, were abducted in Nairobi, Kenya, before being arraigned in a military court in Kampala on treason charges. The pair have since repeatedly been denied bail, despite concerns raised by the United Nations’ human rights officials.
Tens of supporters of the National Unity Platform (NUP) party, led by 43-year-old entertainer Robert Kyagulanyi, popularly known as Bobi Wine, have been convicted by Uganda’s military courts for various offences.
“From Uganda, we celebrate and draw strength from your example as we work to build a country where every citizen can realise their grandest dreams regardless of means and background,” Wine wrote on X as he sent his “hearty congratulations” to Mamdani.
Robert Kabushenga, a retired Ugandan media executive who is friendly with the Mamdani family, told AP that Mamdani’s win was “a beacon of hope” for those fighting for change in Uganda, especially the younger generations.
Describing the new mayor-elect as belonging to “a tradition of very honest and clear thinkers who are willing to reimagine … politics”, Kabushenga said Mamdani’s victory underlined that “we should allow young people the opportunity to shape, and participate in, politics in a meaningful way”.
Okello Ogwang, an academic who once worked with Mamdani’s father at Kampala’s Makerere University, said his son’s success was an instructive reminder to Uganda “that we should invest in the youth”.
“He’s coming from here,” he said. “If we don’t invest in our youth, we are wasting our time.”
Anthony Kirabo, a 22-year-old psychology student at Makerere University, said Mamdani’s win “makes me feel good and proud of my country because it shows that Uganda can produce some good leaders”.
“Seeing Zohran up there, I feel like I can also make it,” he said.
NASHVILLE — The Chargers won the battle but lost the warrior.
They held off the Tennessee Titans 27-20, but saw their outstanding left tackle Joe Alt go down with the same injured ankle that sidelined him earlier this season.
It was a troubling and ominous blow Sunday to a franchise that’s in a constant state of reshuffling its offensive line and unable to sufficiently protect quarterback Justin Herbert. Before losing Alt, the Chargers lost right tackle Bobby Hart to what they called a groin injury (but looked to be a hurt leg).
On a cool and overcast day, the Chargers had enough to get past the one-win Titans — the Chargers (6-3) were favored by 9½ points — but will face far stiffer competition in the second half of the season. The Titans haven’t won at home since last Nov. 4.
Chargers coach Jim Harbaugh helps offensive tackle Bobby Hart off the field in the first half.
(John Amis / Associated Press)
Herbert, who ran for 62 yards in the Week 8 win over Minnesota, again provided the bulk of the Chargers’ running game. He led all rushers with 57 yards in nine carries, including a one-yard touchdown.
The Titans fired coach Brian Callahan last month after the team got off to a 1-5 start, putting in place interim coach Mike McCoy, who was head coach of the San Diego Chargers from 2013 to 2016.
The Chargers absorbed a huge blow in the second quarter when Alt went down with an ankle injury, the same ankle that caused him to miss three games earlier this season. Alt, the best player on the offensive line, had returned for the Week 8 game against Minnesota and his presence was noticeable in both run blocking and protection of Herbert’s blind side.
Chargers wide receiver Quentin Johnston catches a touchdown pass next to Tennessee Titans cornerback Jalyn Armour-Davis during the first half Sunday.
(John Amis / Associated Press)
But Sunday, he was felled by 285-pound Titans edge rusher Jihad Ward, who was blocked into the back of Alt’s legs. Alt sat on the turf for a few minutes, surrounded by Chargers medical staff, before a cart rolled onto the field to take him off.
It was the latest setback for an offensive line besieged by them this season, and an indication that Herbert will remain the most hit and harassed quarterback in the league this season.
Even though the Titans were without defensive tackle Jeffrey Simmons, their best player, Herbert was still under near-constant pressure.
Herbert threw a pair of touchdown passes in the first half, although his first throw was abysmal. It was straight into the arms of Tennessee linebacker Cody Barton, who turned the visitors’ second play from scrimmage into a 24-yard pick-six.
As he does virtually every week, Herbert picked up some big gains with his feet. He had a 39-yard scramble in the second quarter, and rolled out in the fourth and scored his first rushing touchdown of the season, sliding in from a yard out. That capped a 15-play, nine-minute, 99-yard drive in response to a goal-line stand.
Chargers quarterback Justin Herbert is sacked by Tennessee Titans linebacker Jihad Ward during the second half Sunday.
(George Walker IV / Associated Press)
The Titans (1-8), who have had troubles moving the ball in the red zone, scored their second touchdown of the half on a 67-yard punt return by rookie Chimere Dike, who leads the NFL in all-purpose yards.
Those issues in the red zone were on display in the third quarter, when the Titans had four plays inside the 10 and couldn’t score, including third and fourth downs from the one.
Anchoring the middle of the Chargers’ defense was Daiyan Henley, playing two days after his older brother was shot and killed. After a sack in the first half, the third-year linebacker dropped to his knees and turned his palms to the sky and held out his hands in prayer.
Edge rusher Odafe Oweh had a pair of sacks, bringing his total to four in four games since being traded to the Chargers by Baltimore last month.