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The challenges with catch-up contributions. Considering the EPI research shows those between 55 and 64 tend to have around $10,000 set aside in retirement funds, super catch-up contributions could ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time. IRS raises 401(k) contribution limits, adds ...
Catch-up contributions are designed to help older employees accelerate their retirement savings in 401(k), 403(b) and governmental 457 plans as well as the federal government’s Thrift Savings Plan.
Coley said, “The biggest change in 2025 comes from the SECURE ACT 2.0 and applies to participants ranging from age 60 to 63 and allows for a super catch-up contribution of $11,250 versus the ...
The IRS updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 over four years. 401(k) Catch-Up Limits Are Going Up. Here's What That ...
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. ... as well as the new "super ...