Retirement

Catch-Up Contribution

Additional retirement account contributions allowed for individuals aged 50 and older. For 2024, catch-up limits are $7,500 for 401(k)s and $1,000 for IRAs.

Related Terms

401(k)
IRA (Individual Retirement Account)
Contribution Limit

Related Calculators

401(k) Calculator
Roth IRA Calculator

Understanding Catch-Up Contribution

Catch-Up Contribution is a key concept in retirement. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how catch-up contribution affects your specific situation.