Catch-up contributions to retirement savings accounts like IRAs and 401(k)s just got a boost from the SECURE 2.0 Act, which was signed into law by President Biden on December 29, 2022. That means ...
Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...
Individuals who are age 50 or older will soon have new opportunities to save more for retirement. The SECURE 2.0 Act brings changes that will allow for higher catch-up contributions to retirement ...
Under current law, most 401(k) plans permit catch-up contributions that are equally available to all participants who are age fifty or over. Starting in 2025, the SECURE 2.0 Act allows eligible ...
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New Roth Catch-Up Rule Hits High Earners In 2026
・Starting in 2026, workers earning more than $145,000 will have to make 401(k) catch-up contributions on an after-tax (Roth) basis. ・If your employer doesn’t offer a Roth 401(k), you may lose the ...
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