(k) cathc up contributions. Ignoring these changes could get you in trouble with the IRS or cause a suprise tax bill.
The year is already rapidly coming to a close, making it peak season for assessing (and, in many cases, reassessing) contribution options related to retirement savings accounts. A major factor worth c ...
The Internal Revenue Service lets older workers make catch-up contributions to their 401 (k)s to enhance their nest eggs as ...
Here’s a look at key changes to help you evaluate your tax strategy with the goal of fully optimizing your retirement plan.
For Americans ages 45 to 54, the median 401(k) balance is just $67,769 according to Vanguard’s How America Saves Report. This ...
Designed to bolster retirement savings, catch-up contributions give you an opportunity to fast-track your financial readiness before you actually retire. Yet many people either underutilize them or ...
A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans. The rule, which was created ...
The Internal Revenue Service has finalized regulations implementing key provisions of the SECURE 2.0 Act, including new requirements for catch-up contributions in workplace retirement plans. The rules ...
Financial experts share three simple strategies to boost your retirement savings in 2026, from maximizing higher 401(k) ...
Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401(k) plans, which are over and above the regular limits for employee contributions to ...
The ideal 401(k) balance by age 30 is 1x your annual salary, 3x by age 40, 6x by age 50, 8x by age 60, and 10x by age 67. In 2025, you can contribute up to $23,500 annually to your 401(k), plus an ...
A federal law known as the Secure 2.0 Act of 2022 changed that by indexing the IRA catch-up limit to inflation starting in ...