The additional $7,500 that workers 50 and older are eligible to contribute to a 401 (k) is known as a catch-up contribution.

With regard to SECURE 2.0' s new catch-up provision, the IRS and the Treasury won’t allow employers to require that plan ...

This year, older workers will have ways to save more for retirement, spend less on medicine and see other ways to improve ...

With a new year often comes tax changes, and those who save money in tax-advantaged retirement accounts like IRAs and 401(k) ...

Adults aged 60 to 63 can now make a larger catch-up contribution The additional $7,500 that workers 50 and older are eligible to contribute to a 401(k) is known as a catch-up contribution.

Workers in their early 60s can contribute nearly $35,000 to a 401(k) in 2025. It raises new tax questions, though.

Older workers saving for retirement can boost their 401(k) contributions in 2025 thanks to a new "super funding" option.

The IRS also gave older workers the greenlight to increase retirement savings using catch-up contributions. Employees over 50 can make catch-up contributions of up to $7,500, while those age 60 to 63 ...

(k) changes in 2025 include boosted contribution limits to help combat fears of falling behind on retirement savings.