A special rule for 457 plan participants within three years of their full retirement age increases the catch-up contribution limit to $22,500 (i.e., double the basic max). You also can't ...

The SECURE 2.0 Act introduced a new provision known as the “super catch-up” for individuals aged 60 to 63, allowing them to ...

The IRS updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 ...

Catch-up contributions are an excellent way to maximize your IRA savings, but they might not fit everyone’s needs. Learn more ...

but given SEP-IRA’s high contribution limits vs. most retirement plans, the drawback is less significant. SEP IRA contributions for 2024 can be made until the tax filing deadline, which is April ...

Each year the IRS changes contribution limits to retirement plans. Those limits apply to pre-tax and after-tax deposits. In 2024, the mega backdoor Roth limit is $69,000 or $76,500 (includes $ ...

Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions. If you are nearing retirement, you will soon be able to stash even more money into your nest egg -- if you can afford it.

As you may know, a 401(k) is an employer-sponsored retirement savings plan that lets ... to the new 401(k) limit of $23,500. This chart outlines the new annual contribution limits, by age.

The Internal Revenue Service (IRS) extends the maximum contribution limit on retirement accounts for folks later in their earning years, boosting savings. Several retirement savings plans offer ...

However, if you as an employee (not an employer) contribute money to your SEP IRA (which some SEP IRA plans allow), then it ...