Getting caught up with the latest catch-up contributions
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Description
Abstract: Taxpayers age 50 or older on December 31 of any given year can start making “catch-up” contributions to their employer-sponsored retirement plans by that date. These are additional contributions to certain retirement accounts beyond the regular annual limits. This article serves up reminders regarding the contribution limits for 401(k)s, SIMPLEs and self-employed plans.
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