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Treasury, IRS finalize rule for 401(k) catch-up contributions

Pelican Press

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Kate_sept2004 | E+ | Getty Images The IRS and U.S. Department of the Treasury this week finalized rules for certain provisions from the Secure 2.0 Act of 2022, including catch-up contributions for 401(k) and other plans, which apply to workers age 50 and older. Starting in 2027, catch-up contributions generally must be after tax (also called Roth), rather than pretax…

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