If you’re already among the few people over 50 who contribute the extra money to their 401(k), paying the tax up front might be the better choice.

BING NEWS:
  • IRS Proposes Key Roth Rule Changes for High Earners In 2025
    Key Points ・Individuals aged 60-63 can contribute up to $11,250 in catch-up contributions to workplace retirement plans. ・Employees earning more than $145,000 annually will be required to make ...
    01/10/2025 - 7:52 pm | View Link
  • IRS Raises 401(k) Contributions, With Catch-Up Provisions As High As $11,250
    The IRS also gave older workers the greenlight to increase retirement savings using catch-up contributions. Employees over 50 can make catch-up contributions of up to $7,500, while those age 60 to 63 ...
    01/10/2025 - 4:26 am | View Link
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