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SmartAsset on MSN.com · 15h

Are Catch-Up Contributions Worth It at Age 55 With $1.2 Million in My 401(k)?

Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For many savers who are behind on their retirement savings goals, catch-up contributions represent a not-to-be-missed second chance at securing a more comfortable retirement.

The Motley Fool on MSN.com · Dec 6, 2024

401(k) Catch-Up Limits Are Going Up. Here's What That Means for You

The IRS recently released the updated 401(k) contribution limits for 2025. While the increase for employees under the age of 50 is modest, there's an expanded catch-up contribution limit for those ...

3 Ways Super Catch-Up Contributions Can Help You Boost Your 401(k) and Retire Sooner

As you age, you have less time for your retirement investments to potentially grow, but you can also often contribute more to your retirement accounts. Normally, those who are 50 or over

The Motley Fool · Sep 4, 2018

Using 401(k) Catch-Up Contributions to Increase Your Savings

Under the SECURE 2.0 Act of 2022, these workers can make an $11,250 catch-up contribution ... 17 years to save for retirement. Using the regular employee contribution limit of $23,500 for 2025 ...

U.S. News & World Report · Nov 16, 2022

2023 401(k) Contribution Limits: What Advisors Should Know

The maximum contribution amount is $6,500, up from $6,000 in 2022, with an additional $1,000 per year catch-up contribution ... track to maxing out their 401(k) limits. Making contributions ...

Yahoo Finance · 7d

3 Ways Super Catch-Up Contributions Can Help You Boost Your 401(k) and Retire Sooner

However, thanks to the 2022 Secure 2.0 Act ... For those with traditional 401(k)s, the super-catch up limit “gives pre-retirees a tremendous opportunity to defer additional taxes that they ...