You can contribute more to your 401(k) beginning at age 50 Fact checked by Vikki Velasquez Reviewed by Khadija Khartit If your employer offers a 401(k) plan, this can be a very effective way of saving ...

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

A popular tax break for workers nearing retirement age to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new regulations last ...

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 ...

Catch-up contributions allow employees aged 50 and older to set aside extra money in workplace retirement plans. Under SECURE 2.0 (Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 ...

High earners aged 50 and over will face new rules requiring 401(k) catch-up contributions in 2026. These contributions must be made on a Roth basis rather than pre-tax.

If you’re among the roughly 70% of workers in the United States who contribute to a 401(k) or similar workplace retirement plan, some important upcoming changes could affect how you make extra ...