Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in 2022, included a major change to the catch-up contribution rules for higher-income taxpayers — and employers that sponsor qualified retirement
Does your company give employees the option of contributing to a designated Roth account (DRA)? Roth retirement plan options, such as Roth 401(k)s, are now offered by 88% of employers, according to the latest available statistics from 2022. If your company offers DRAs, you should consider contributing to one, particularly if you expect to pay
Does your company give employees the option of contributing to a designated Roth account (DRA)? Roth retirement plan options, such as Roth 401(k)s, are now offered by 88% of employers, according to the latest available statistics from 2022. If your company offers DRAs, you should consider contributing to one, particularly if you expect to pay higher
