Ads
related to: 401k catch up contributions rules
Search results
Results from the WOW.Com Content Network
Now the general catch-up contribution for 401(k)s is staying the same at $7,500 in 2025. So for many savers aged 50 and over, the maximum 401(k) contribution in the new year will be $31,000.
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 ...
Catch-up contributions are extra contributions that you can make above and beyond the standard limit once you have reached the age of 50. For many workers in this category, the 401(k) limit ...
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. ... In plans offering catch-up contributions ...
The 2024 401(k) catch-up contribution limit is $7,500 for those 50 and older. Starting in 2025, if you’re 60 to 63, you will get a higher contribution limit than people in their 50s.
Under a change made in the SECURE 2.0 Act, 401(k) catch-up contributions for people ages 60 to 63 will increase in 2025 to $10,000 or 150% of the regular catch-up amount – whichever is greater.
Ads
related to: 401k catch up contributions rules