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 ...

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 ...

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 ...

But if you're seven years away from retirement or more, you may want to use stocks as your primary investment. At that point, ...

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.

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.

Starting in 2025, employees aged 60-63 can contribute an extra $11,250 to their 401(k)s through the Super Catch-Up Contribution. This is a significant increase from the previous limit of $7,500.

New 401(k) catch-up contributions: Key changes impacting pre-retirees in 2025. SECURE 2.0 extended the catch-up limit for people between ages 60 and 63, but 55% of eligible savers aren't even ...

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 ...