You’re not alone if you’re 50 or older and feeling behind on. Often, people reach their peak earning years without having ...

While there's no way around the high cost of retirement, there are some strategies you can try to build your savings more ...

Beginning in 2025, we're talking about substantially higher "catch-up" contributions in 401(k) plans that apply to savers who turn age 60, 61, 62 and 63 during the calendar year. The youngest of baby ...

Taking advantage of 401(k) catch-up contributions will allow you to save thousands more for retirement each year. A 401(k) plan is an employer-sponsored retirement plan with valuable tax benefits.

The new 'super catch-up' rule, effective from the fiscal year 2025, allows individuals aged 60 to 63 to contribute more to ...

Using a 401(k) retirement plan, let's break down the impact of catch-up contributions to saving for your retirement. Let's say a 50-year-old employee plans to retire at 67, so they have 17 years ...

Understanding Catch-Up Contributions . There are annual limits to how much you can contribute to your 401(k). In 2024, for people under 50 years old, this limit is $23,000, increasing to $23,500 ...

Roth 401(k) catch-up contributions. The 401(k) Catch-Up Contribution Limit for 2025 Workers can defer paying income tax on as much as $23,500 on contributions to a 401(k), 403(b) and the federal ...

A Higher 401(k) Catch-Up Limit at Ages 60 to 63 If you are at least age 50 you can make catch-up contributions to your 401(k) plan. In 2023, the 401(k) contribution limit is $22,500 and the catch ...

A substantially higher "catch-up" contribution for 401(k) plans applies for savers aged 60, 61, 62 and 63 who participate in these plans at work beginning in 2025.

401(k) catch-up contribution changes. Under SECURE 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make catch-up contributions to your employer ...

Though 401(k) super catch-ups may not be helpful to some savers, Rick Craft, AIF, CLU, ChFC, CEO of Wealth Advisory Group, doesn’t see a problem with 401(k) super catch-ups. In fact, he’s a fan.