Starting next year, some older workers making catch-up contributions to retirement plans, like 401(k)s, may have to do so on a Roth basis. Secure 2.0, a federal retirement law passed in 2022, states ...
Starting in 2026, Americans aged 50 and older earning over $145,000 must make their 401(k) catch-up contributions to a Roth account. This new rule means high-earning older workers will pay taxes on ...
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IRS rules now say 401(k) catch-ups for high earners have to be in a Roth. Is it still worth it?
The IRS really means it this time when they say that high earners will have to start paying tax soon on their catch-up 401(k) contributions and then deposit them into workplace Roth accounts. Sort of.
The Internal Revenue Service has locked in sweeping new rules that require certain workers to make catch-up contributions in their retirement savings, but make the contributions into a Roth ...
If you’re among the roughly 70% of workers in the United States who contribute to a 401(k) or similar workplace retirement plan, some important upcoming changes could affect how you make extra ...
Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...
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