Most high-earning employees will now need to funnel their catch-up contributions into an after-tax Roth account.
Answer: Probably not, but you may need to follow these tips right away.
With the introduction of the SECURE Act 2.0, various shifts are in motion, and one particular change will significantly affect individuals seeking to enhance their 401(k) contributions, particularly ...
There's a new rule for high earners over 50 who want to take advantage of catch-up contributions to their 401(k)s. People earning more than $150,000 will now have to direct catch-up funds into a Roth ...
Starting in 2025, the 401(k) employee deferral limit will jump to $23,500, up from $23,000 in 2024. While catch-up contributions for workers age 50 and older will remain at $7,500, investors age 60 to ...
2026 brings changes to your 401(k) catch up contributions that you need to know about. Ignoring them could bring IRS hassles or a surprise tax bill. If you are participating in your 401(k) at work, ...