Catch-up Contributions

 The IRS has postponed the catch-up contribution requirements until 2026.

Recently, the IRS announced the new catch-up contribution requirement under the SECURE 2.0 Act. The new rule affects older, higher-paid 401(k) participants to make catch-up contributions into an after-tax Roth account instead of the pre-tax traditional accounts. Although Congress meant…

Website by Geiger Computers