There’s a key change coming to 401(k) catch-up contributions in 2025
Many Americans are facing a retirement savings shortfall, but some relief may be on the way in 2025 thanks to the Secure Act 2.0. This legislation has brought several improvements to the retirement system, including updates to 401(k) plans and catch-up contributions. Starting in 2025, workers aged 60 to 63 will be able to boost…