JD Supra10d
IRS Issues Much Anticipated Guidance on Catch-Up Contributions
On January 10, 2025, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued proposed ...
JD Supra2d
Time to catch-up on your New Year’s regulations: IRS “super” and Roth guidance
On January 10, 2025, the Department of the Treasury and the Internal Revenue Service issued proposed regulations related to two new ...
The Motley Fool1y
Understanding Catch-Up Contributions
A catch-up contribution is a contribution to a retirement savings plan in addition to the standard limit. It's typically reserved for people aged 50 and older. Boosting your retirement savings in ...
The Motley Fool4mon
Using 401(k) Catch-Up Contributions to Increase Your Savings
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 ...
Benefits Pro5d
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 aware that ...
NBC Connecticut20d
How to maximize your 401(k) plan in 2025 with higher limits, bigger catch-up contributions
Starting in 2025, you can boost your 401(k) plan with higher deferral limits and catch-up contributions for some older workers. Many plans also have a "true-up" feature, which allows workers to ...