Young and the Invested on MSN

What are catch-up contributions (and how are they changing?)

When people are in their 20s and even 30s, they often focus their finances on paying off debts, starting a family, and buying ...
Tennessean

New 401(k) catch-up rule may hit older high earners in 2026

Starting in 2026, Americans aged 50 and older earning over $145,000 must make their 401(k) catch-up contributions to a Roth account. This new rule means high-earning older workers will pay taxes on ...
CNN

A new rule means some 401(k) contributions will no longer be tax-deferred. Here’s who will be affected

A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans. The rule, which was created ...
Hosted on MSN

401(k) catch-up contributions lose pre-tax benefit under new rule

The Secure 2.0 Act of 2022 introduces a significant change to 401(k) catch-up contributions. This new rule eliminates the immediate tax benefit for these contributions, requiring them to be made to a ...
Financial Advisor

New IRS Rules Force High Earners Into After-Tax Catch-Up Contributions In 2027

The Internal Revenue Service has locked in sweeping new rules that require certain workers to make catch-up contributions in their retirement savings, but make the contributions into a Roth ...