Designed to bolster retirement savings, catch-up contributions give you an opportunity to fast-track your financial readiness before you actually retire. Yet many people either underutilize them or ...

High earners in their 50s have long relied on catch-up contributions as a quiet but powerful tax break, using extra deferrals to shrink today's bill while supercharging tomorrow's nest egg. That ...

Starting the year you turn 50, you can increase retirement contributions by an amount set by the IRS. Many, or all, of the products featured on this page are from our advertising partners who ...

When people are in their 20s and even 30s, they often focus their finances on paying off debts, starting a family, and buying a home. By the time they start focusing more on growing a nest egg for ...

SECURE 2.0 Act mandates Roth catch-up contributions for employees with FICA wages over $145,000. Employers, payroll, and record keepers must coordinate by January 1, 2026, for compliance. Clear ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

After delaying a rule requiring high-income 401(k) savers aged 50 or older to make catch-up contributions in Roth accounts, the IRS has signaled that it will take effect starting next year. Industry ...

Many defined contribution plans are designed to permit participants to take advantage of an increased employee contribution limit starting the year they turn 50.[1] In 2022, SECURE Act 2.0 made two ...