Reported 2 days ago
In 2025, a new 'super catch-up' provision will allow individuals aged 60 to 63 to contribute an additional $11,250 to their retirement accounts, significantly enhancing their savings potential. This initiative, part of the SECURE 2.0 Act, increases the total annual contribution limit for this age group to $34,750. It's an excellent opportunity for those feeling behind on retirement savings to catch up, provided their retirement plan offers this feature.
Source: YAHOO