If you’re 50 or older, the IRS allows you to contribute extra dollars to your retirement accounts each year, also known as catch-up contributions.
What Are the Limits?
As of 2024, workers 50+ can contribute an additional $7,500 to 401(k), 403(b), and most 457 plans. Starting in 2025, SECURE 2.0 allows those aged 60–63 to make even larger “super catch-up” contributions — up to $11,250 (indexed for inflation).
Why Do They Matter?
These provisions can help older workers make up for early-career gaps, maximize tax-deferred growth, and boost savings in the final years before retirement.
Roth Requirement for High Earners
Beginning in 2026, workers earning $150,000+ may be required to make catch-up contributions as Roth (after-tax) contributions. This has tax planning implications.
How Foster & Motley Can Help
We guide clients through contribution strategies, Roth conversion opportunities, and tax optimization using updated rules, ensuring they benefit fully from catch-up limits. Explore how catch-up contributions and strategic planning can help you finish strong and retire with confidence.
Ready to plan your retirement on your terms? Schedule a discovery call with Foster & Motley to see how you can start living your most meaningful life.
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