Many Americans face a retirement savings shortfall, but setting aside more could get easier for some older workers in 2025. Enacted in 2022, the Secure Act 2.0 ushered in several retirement system ...
For 2025, you can defer up to $23,500 into your 401(k), plus an extra $7,500 if you're age 50 and older for "catch-up contributions." That catch-up limit has jumped to $11,250 for workers age 60 to 63 ...
Starting the year you turn 50, you can increase retirement contributions by an amount set by the IRS. Many, or all, of the products featured on this page are from our advertising partners who ...
With the introduction of the SECURE Act 2.0, various shifts are in motion, and one particular change will significantly affect individuals seeking to enhance their 401(k) contributions, particularly ...
If you're a high earner over 50 planning for retirement, you likely maximize your 401(k), 403(b), or governmental 457(b) plan with catch-up contributions. For 2026, the standard annual contribution ...
2026 brings changes to your 401(k) catch up contributions that you need to know about. Ignoring them could bring IRS hassles or a surprise tax bill. If you are participating in your 401(k) at work, ...
Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401(k) plans, which are over and above the regular limits for employee contributions to ...