Beginning in 2025, we're talking about substantially higher "catch-up" contributions in 401(k) plans that apply to savers who ...

Starting in 2025, adults aged 60–63 can contribute up to $11,250 to retirement plans under a new SECURE 2.0 rule to boost ...

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

By Stephen “Phillip” Poitevint Retirement & Longevity Email newsletter signup Sign up for our daily email newsletter This ...

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 ...

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.

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 ...

A catch-up contribution limit allows individuals over the age of 50 to save more than the standard annual limit of $23,000 in ...

The Secure 2.0 Act is making it easier for older workers to save for retirement. Starting in 2025, employees aged 60-63 can contribute an extra $11,250 to their 401(k)s through the Super Catch-Up ...

SECURE 2.0 extended the catch-up limit for people between ages 60 and 63, but 55% of eligible savers aren't even aware that they have this opportunity, according to a new Guideline survey.

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.