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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New SECURE 2.0 ‘Super Catch-Up’ Contribution For Ages 60-63

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Dec 4, 2024 · For example, the IRS has just announced that for 2025, the catch-up limit for those age 50+ is $7,500 and the higher catch-up contribution limit for those age 60-63 is $11,250. To …

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SECURE Act 2.0: Changes To Employer-sponsored Retirement …

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Effective January 1, 2025, the amount of catch-up contributions individuals can make under a retirement plan increased to 150% of the regular catch-up limit at ages 60, 61, 62 and 63.

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401(k) Catch-Up Contributions: Key Updates For 2025 And 2026

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Jan 28, 2025 · Increased Catch-Up Contributions for Ages 60-63. Section 109 of SECURE 2.0 increases the catch-up limit for individuals aged 60-63 to the greater of $10,000 or 150% of the …

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"Super" Catch-Up Contributions For 2025 - Concord Wealth Partners

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4 days ago · For workplace retirement accounts such as 401(k)s, the traditional catch-up contribution for individuals over 50 also remains the same at $7,500 for 2025. However, this …

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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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Catch-Up Contributions To Your 401(k) Can Now Be Supersized

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Up To $11,250 In Catch-Up Contributions. Starting in 2025, employees age 60 to 63 in retirement plans such as 401(k)s, 403(b)s and government 457(b)s, can set aside $11,250 in total catch …

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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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Why Those Between 60 And 63 Should Max Out Their 401(k) This …

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3 days ago · This limit is made possible by the SECURE 2.0 Act, which allows employees aged 60 to 63 to contribute an additional $33,500 in catch-up contributions. In 2025, you can …

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SECURE 2.0 Brings Retirement Plan Changes In 2025

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Jan 6, 2025 · The increased catch-up limit is the greater of: (a) 150% of the age 50 catch-up limit, or (b) $10,000 (indexed in future years). For 2025, the increased age 60-63 catch-up …

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Catch-Up Contributions Improved Under SECURE Act 2.0 - Kiplinger

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Dec 23, 2022 · The 2022 catch-up contribution limit for workers age 50 and up is $6,500 ($7,500 for 2023). The SECURE 2.0 Act adds a "special" catch-up contribution limit for employees 60 …

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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) catch-up limit in 2025?

New Age 60 – 63 Catch-up: $3,750 Under the old rules, in 2025, a 401 (k) plan participant age 60 – 63 would have been limited to the employee deferral limit of $23,500 plus the age 50+ catch-up of $7,500 for a total employee contribution of $31,000. ...

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

SECURE 2.0 introduces significant changes to 401 (k) catch-up contributions, increasing the limits for certain age groups and mandating Roth contributions for high earners. Section 109 of SECURE 2.0 increases the catch-up limit for individuals aged 60-63 to the greater of $10,000 or 150% of the regular catch-up limit ($11,250 for 2025). ...

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 catch-up contribution limit for 2025?

For example, the catch-up limit for those age 50+ in 2024 is $7,500. So, the IRS has just announced that for 2025, the enhanced catch-up contribution limit for those age 60-63 will be $11,250. To qualify for the enhanced catch-up contributions, participants must meet specific criteria: ...

When does a 401k revert to a catch-up contribution limit?

Note: Once participants turn 64, they revert to the standard age 50+ catch-up contribution limit. SECURE 2.0 also includes new provisions regarding Roth contributions for high earners. As Kiplinger has reported, IRS rules for this provision have been delayed until 2026. ...

What is the age 60-63 catch-up contribution limit for 2025?

For 2025, the increased age 60-63 catch-up contribution limit will be $11,250. Important note: The age 60-63 catch-up contribution limit will not apply beginning in the year in which the participant attains age 64. ...