401k tax advantage for ages 60 to 63

Beginning in 2025, individuals in this age group will be eligible for something called a "super catch-up" contribution limit for employer-sponsored retirement plans, including 401(k)s. This exciting change, recently clarified by the IRS, provides a unique opportunity to accelerate your retirement savings during those crucial pre-retirement years. individuals in this age group get a chance to use a super catchup with there retirement funds.