New Super Catch-Up Contribution Rules for 401k Explained!

Did you know there are new catch-up contribution rules for 401k plans? This video explains the new rules introduced by the Secure 2.0 Act, effective starting in 2025.

Key points include:

• Enhanced catch-up contribution limits for individuals aged 60 to 63.
• Reversion to the standard age 50+ limit after turning 64.
• New provisions for Roth contributions for higher earners starting in 2026.

These changes offer significant opportunities to boost your retirement savings. Consult your financial advisor to see how these changes fit into your retirement strategy.