14-11-2024 01:23 via kxan.com

What is the 'super' 401(k) catch-up contribution for older workers?

(NewsNation) — Employees in their early 60s can contribute several thousand dollars more to their 401(k) retirement plan starting next year thanks to a recent change in tax law.People 50 and older were already able to put in more than the general 401(k) limit as a "catch-up" contribution but in 2025 workers ages 60 to 63 have a "super catch-up" option, a chance to save an additional $3,750 tax-deferred. Elections have less impact on your 401(k) than you might thinkHere's how 401(k) contrib
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