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SmartAsset on MSN.com · 20h

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.

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

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. Eligible participants don't have to do anything special to make 401(k) catch-up contributions.

MSN · Oct 17, 2024

Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know

Enacted in 2022, the Secure Act 2.0 ushered in several retirement system improvements, including higher 401(k) plan catch-up contributions. Starting in 2025, workers aged 60 to 63 can boost annual ...

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 ...

U.S. News & World Report · Aug 16, 2020

New 401(k) Contribution Limits for 2023

Retirement savers are eligible to put $2,000 more in a 401(k) plan next year. The 401(k) contribution limit will increase to $22,500 in 2023. Some of the income limits for 401(k) plans will also ...

The Motley Fool · Feb 13, 2025

Roth 401(k) Contribution Limits for 2024 and 2025

For 2024, employees can contribute the $23,000 standard contribution limit to a Roth 401(k) and an additional $7,500 catch-up limit for those 50 and older. The base contribution limit for 2025 is ...

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

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

and other retirement plans, such as 403(b)s, Thrift Savings Plans and most 457 plans – an increase of $2,000 from 2022. The catch-up contribution for employees ages 50 and older increased from $ ...

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

Kiplinger · Jan 10, 2024

Roth 401(k) Contribution Limits for 2025

Plus, under a change made by SECURE 2.0, a higher super catch-up contribution limit applies to people aged 60, 61, 62 and 63 who have a Roth 401(k). Starting this year, this higher catch-up ...