New for 2025: 'Super' 401 (k) Catch-Up Limits for Ages 60-63

Nov 5, 2024 · New SECURE 2.0 Super 401(k) Catch-Up Contribution for Ages 60-63 ... beginning in 2025, individuals ages 60 to 63 will be eligible for increased catch-up contributions in their retirement plans ...

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SECURE 2.0 Act New Super-Catch-Up Contributions For Ages 60-63

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Dec 16, 2024 · Quick Hits. Starting in 2025, the SECURE 2.0 Act allows participants ages sixty to sixty-three to make “super-catch-up contributions” of up to $10,000 or 150 percent of the …

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These Key 401(k) Plan Changes Are Coming In 2025. Here's ... - NBC …

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Starting in 2025, the catch-up contribution limit will jump to $11,250, about a 14% increase, for employees ages 60 to 63. Including the $23,500 limit, these workers can save a total of …

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2025 Brings More Deferral Opportunities For Employees

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Dec 19, 2024 · Super Catch-Up Contributions (Ages 60–63) Beginning in 2025, the SECURE 2.0 Act will increase the catch-up contribution limit to $11,250 for employees who attain age 60, …

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What Is The ‘super’ 401(k) Catch-up Contribution For Older Workers?

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Nov 8, 2024 · Catch-up contributions for employees 60–63: $11,250 That means workers in their early 60s can potentially contribute a total of $34,750 to a tax-advantaged workplace …

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401(k) Super Catch-Ups: Are They Right For You? - Kiplinger

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Dec 20, 2024 · With super catch-up contributions to your 401(k), you can save an additional $11,250 if you are between 60 and 63, starting in 2025. ... contribution limit of $31,000 for …

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401 (k) Catch-up Limits In 2025 Allow Bigger Contribution For Some

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Nov 8, 2024 · The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. The most savings allowed in a 401(k) is $31,000 in 2025 for other …

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2025 Brings “Super” Catch-Up Contributions For Ages 60-63

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Dec 10, 2024 · What Are the New Super Catch-Up Contributions? For individuals aged 60-63, the enhanced catch-up contribution limit in 2025 is 150% of the standard age 50+ catch-up limit. …

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Five Changes Coming To IRAs And 401(k)s In 2025 | Kiplinger

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6 days ago · For 2025, the max catch-up contribution is $11,250. In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750. That number includes $23,500 contribution …

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IRS Announces Higher 401k Limits And New Catch-Up For 2025

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Nov 1, 2024 · As you can see, the limit increased by $500 for elective contributions, and $1,000 for overall contributions, compared to 2024. A big change for 2025 is the new, higher, catch-up …

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2025’s Super Catch-Up 401(k) Contribution: What You Need To Know

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Dec 9, 2024 · The super catch-up 401(k) contribution limit is specifically for those aged 60-63 starting in 2025. Those lucky individuals aged 60 to 63 may contribute an additional $11,250 …

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5 Key Changes To 401(k)s In 2025 And What They Mean For You

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Dec 11, 2024 · Maximum contribution limits for 401(k) plans are rising by $500 for many workers in 2025. Workers age 50 and older can make additional catch-up contributions, with those in …

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How Retirement Savings Will Change In 2025 - Yahoo Finance

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2 days ago · The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. There’s an extra layer of icing for workers aged 60 to 63, thanks to the Secure 2.0 law — a …

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FAQs about New for 2025: 'Super' 401 (k) Catch-Up Limits for Ages 60-63 Coupon?

What is the 401(k) & 403(b) catch-up contribution limit for 2025?

Good news for 401 (k) and 403 (b) plan participants turning age 60 – 63 starting in 2025: there is now an enhanced employee catch-up contribution thanks to Secure Act 2.0 that passed back in 2022. For 2025, the employee contributions limits are as follows: Employee Deferral Limit: $23,500 Age 50+ Catch-up: $7,500 New Age 60 – 63 Catch-up: $3,750 ...

What is a super catch-up 401(k) contribution in 2025?

People 50 and older were already able to put in more than the general 401 (k) limit as a “catch-up” contribution but in 2025 workers ages 60 to 63 have a “super catch-up” option, a chance to save an additional $3,750 tax-deferred. Here’s how 401 (k) contribution limits breakdown for 2025, according to the IRS: ...

What are the 401(k) contribution limits for 2025?

In the year the 401 (k) plan participant obtains age 64, the new additional age 60 – 63 contribution is completely eliminated. Here is a quick list of the contribution limits for 2025 based on an employee’s age: Under Age 50: $23,500 Age 50 – 59: $31,000 Age 60 – 63: $34,750 Age 64+: $31,000 ...

What is the 401(k) catch-up contribution limit?

For future years, the formula for this age 60 – 63 enhanced catch-up contribution is 50% of the regular catch-up contribution limit. The IRS usually announces the updated 401 (k) contribution limits in either October or November of each year for the following calendar year. ...

What is the new catch-up contribution limit in 2025?

The SECURE 2.0 Act increased the catch-up contribution for some employees to $10,000 or 150% of the standard catch-up contribution, whichever is greater. Since 150% of $7,500 is $11,250, that's the new catch-up contribution limit in 2025 for select investors. Here's the catch. ...

What's new in 401(k) plans in 2025?

Here's the lowdown on five big changes to 401 (k) plans in 2025 and how you can take full advantage of them. Maximum contribution limits for 401 (k) plans are rising by $500 for many workers in 2025. Workers age 50 and older can make additional catch-up contributions, with those in the 60 to 63 age group eligible for even higher limits. ...