News

Icon for money.usnews.comU.S. News & World Report · Feb 17, 2023

New Opportunities to Make 401(k) and IRA Catch-Up Contributions

The SECURE 2.0 Act has provisions that will impact how high earners can save for retirement. Beginning in 2024, if you earn more than $145,000 each year and are age 50 or older, your catch-up ...
Icon for www.forbes.comForbes · Jun 11, 2024

Average 401(k) Balance By Age And How To Catch Up

In 2024, the maximum employee contribution to a 401(k) was $23,000. For those 50 and over there is an extra $7,500 allowable in order to “catch up.” Maximizing contributions and taking ...
Icon for www.fool.comThe Motley Fool · Sep 4, 2018

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

Catch-up contributions are extra retirement account contributions that those 50 and older can make each year. People younger than 50 may contribute up to $23,000 in 2024 and $23,500 in 2025 to ...
U.S. News Money on MSN.com · 10d

How to Take Advantage of 401(k) Catch-Up Contributions

The 401 (k) contribution limit increased from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution limit remained at $7,500 for 2024 and 2025. As of 2025, individuals ages 60 to 63 will be able to make even higher catch-up contributions in employer plans, equal to 150% of the catch-up contribution limit for individuals age 50 and older.
JD Supra · 8d

IRS Proposes Changes to 401(k) Catch-Up Contributions

Our Employee Benefits & Executive Compensation Group discusses what plan sponsors and fiduciaries need to know about the Internal Revenue
SmartAsset on MSN.com · 3d

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.
Icon for www.fool.comThe Motley Fool · Feb 8, 2025

How Much Can You Contribute to a Solo 401(k)?

Regular IRAs, which you can use in conjunction with a solo 401(k), are limited to just $7,000 in contributions for 2024 and 2025. In both years, you can make an additional $1,000 catch-up ...
Icon for www.healio.comHealio · Apr 2, 2025

‘Super catch-up’ contributions for retirement plans

Provisions in the SECURE 2.0 Act allow individuals to make super catch-up ... 2024. However, its implementation has been delayed until 2026 due to logistical challenges faced by employers and ...
Icon for www.kiplinger.comKiplinger · Jan 10, 2024

Roth 401(k) Contribution Limits for 2025

In 2025, you can save up to $23,500 in your Roth 401(k). That's a $500 bump up from 2024. If you're 50 and older, the catch-up contribution limit is $7,500, which was what it was in 2024.
Icon for www.businessinsider.comBusiness Insider · Mar 27, 2024

Your employer can now match your student loan payments to your 401(k), but it may not be right for everyone

Getting free retirement funds from your employer ... changes didn't go into effect until the beginning of 2024. This includes a new provision of the legislation that lets employers match funds ...
Icon for wtop.comWTOP News · 10d

How to Take Advantage of 401(k) Catch-Up Contributions

The 401(k) contribution limit increased from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution limit remained at $7,500 for 2024 and 2025. As of 2025, individuals ages 60 to 63 will be ...