The additional $7,500 that workers 50 and older are eligible to contribute to a 401 (k) is known as a catch-up contribution. A SECURE 2.0 Act rule change that went into effect Jan. 1 now enables ...

And there’s more. Starting next year, SECURE 2.0 enhances catch-up contributions for certain older adults. If you’re 60, 61, 62, or 63 in 2025, you may be able to leverage this provision to ...

You can make catch-up contributions at any time during the calendar year in which you will turn 50, even if you have not yet reached your 50th birthday. Sponsored Bank Accounts The 401(k ...