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Read About - IRS Contributions Rule Change for High-Earner 401(k)s
November 28, 2023
At a Glance Main Takeaway The SECURE 2.0 Act of 2022 (the Act) mandates that individuals aged 50 and older earning $145,000 (indexed for inflation) or more make “catch-up” contributions to their employer-sponsored 401(k) on a Roth basis, meaning those extra contributions are to be made with money you’ve already paid taxes on
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