The Roth-Only Catch-Up Rule
Submitted by Sound Foundation Wealth Advisors on September 11th, 2023
The SECURE 2.0 Act, which was passed in December 2022, made a significant change to the IRS catch-up contribution rules. The catch-up contribution allows those aged 50 and above to contribute an additional $7,500 to an employer-sponsored pre-tax retirement plan.
