Unpacking the New Rules for 401(k) Catch-Up Contributions

#401k #retirementsavingsaccount #catchupcontribution

What high-income retirement-plan participants need to know if they’re over age 50.

Unpacking the New Rules for 401(k) Catch-Up Contributions

00:00:00 Introduction

00:00:23 When and Where Can You Make Catch-Up Contributions?

00:01:21 New Rules Around Catch-Up Contributions

00:02:50 Which Earnings Require Roth Contributions?

00:04:27 Catch-Up Contributions for Earners Below the Mandatory Threshold

00:04:58 ‘Super-Catch-Up’ Contributions Explained

00:06:05 When Should You Skip Making Catch-Up Contributions?

00:06:57 Will My Roth Stay Tax-Free?

Watch more from Morningstar:

5 Things to Do Today If You Want to Retire in 2030 https://www.youtube.com/watch?v=KCarWagv-bs&t=1s

What You Need to Consider Before Retiring Early https://www.youtube.com/watch?v=H9Ka0DAtvzI&t=32s

The Long View: Harry Margolis – How to Confront Aging Challenges Head-On https://www.youtube.com/watch?v=iegZuGeYcCo

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