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As in, those who have qualifying employer-sponsored plans (and fall within that age range in the calendar year) will be able to contribute an extra $3,750 to their 401(k)s. With the super catch-up ...
As part of SECURE Act 2.0, passed in late 2022, individuals age 60, 61, 62 or 63 are now allowed to make “super catch-up contributions” to their 401(k) and other retirement plans. These ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... IRS raises 401(k) contribution limits, adds super catch-up for 60-63 year olds in 2025. Medora Lee, USA TODAY ...
The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. The most savings allowed in a 401(k) is $31,000 in 2025 for other employees aged 50 ...
Individuals aged 50 and over can contribute an additional $7,500 in catch-up contributions to their 401(k), bringing their total possible contribution to $30,500 in 2024. ... If you want to make ...
3 key factors affecting your 401(k) contribution. ... For 2024, the contribution limit is $23,000, with an additional $7,500 allowed in catch-up contributions for workers who are age 50 or older.
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