Browsing Tag
Catch-Up Contribution
21 posts
Glitch-Fixing: How 2024 Catch-Up Contributions Could Be Restored in SECURE 2.0
Two likely (and one unlikely) solutions identified to correct drafting error that jeopardizes all 401(k) catch-up contributions starting in 2024
January 30, 2023
8 Ways SECURE 2.0 Will Enhance Retirement
Transamerica Institute and Transamerica Center for Retirement Studies highlights the top ways new legislation will improve and expand upon retirement security
December 30, 2022
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
December 29, 2022
2023 401(k) Contribution Limits: ‘Unprecedented’ Increase Projected
Mercer is projecting a record $2,000 bump in the IRS qualified retirement plan contribution limit thanks to this year’s high inflation rate
August 4, 2022
Major 2023 401(k) Contribution Limit Jump Predicted
Thanks to inflation, estimates in Milliman's “2023 IRS Limits Forecast – May” show significant increases in IRS contribution limits for retirement plans are likely
June 21, 2022
IRS Bumps 2022 401k Contribution Limit By $1,000
Catch-up contribution limits, annual IRA contribution limits remain unchanged
November 4, 2021
5 Big Ways SECURE 2.0 Would Impact 401ks
While the vast majority of proposed legislation on Capitol Hill these days sees strong support on one side…
May 14, 2021
2021 401(k) Contribution Limits Released: IRS
As was widely expected, 401k contribution limits will not increase in 2021, the Internal Revenue Service (IRS) announced…
October 26, 2020
Ted Cruz’s AMORE Act Aims to Help 401(k) Participants Catch Up
Legislation was introduced last week by a group of Republican senators that would allow people to make catch-up…
July 28, 2020
Hatch Proposes ‘Mini-Rothification’ for 401ks, IRAs
It’s not over—not by a longshot. Sen. Orrin Hatch, R-Utah, will propose eliminating the current pretax 401k catch-up…
November 13, 2017