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catch-up contributions

Additional tax-deferred funds that are set aside for retirement and are placed into retirement accounts such as a 401(k). Catch-up contributions are used by people who are over 50 years old and have less time to take advantage of compounding. Also, these may have a maximum contribution limit, which depends on the type of retirement account used by the contributor and the year the contribution is made.

Related information about catch-up contributions:
  1. Fact Sheet: Catch-up contributions - Thrift Savings Plan
    What are catch-up contributions? “Catch-up contributions” are supplemental employee contributions that employees age 50 or older (or turn- ing age 50 during ...
     
  2. Catch-Up Contribution Definition | Investopedia
    Originally, the ability to make catch-up contributions under EGTRRA was set to end ... However, the Pension Protection Act of 2006 made catch-up contributions ...
     
  3. 401(k) Resource Guide - Plan Participants - Limitation on Elective ...
    Oct 22, 2012 ... An employer is not required to provide for catch-up contributions in any of its ... However, if your plan does allow catch-up contributions, it must ...
     
  4. The Basics on Catch-Up Contributions in 401k Plans ...
    The Basics On The New Catch-Up Contributions Allowed In 401k Plans.
     
  5. What are catch-up contributions?
    Catch-up contributions are designed to help you make up any retirement savings shortfall by bumping up the amount you can save in the years leading up to ...
     
  6. 401k Contribution and Catch up Limits
    Explains 401k contribution limits in detail, including pre-tax versus after-tax, total and catch up contributions, and those for highly compensated employees.
     
  7. Catch-up contributions
    Jan 1, 2008 ... Catch-up contributions can resuscitate a retirement plan for people who have not saved enough.
     
  8. Catch-Up Opportunities
    The total amount of Age 50+ Catch-up contributions that you make to all 403(b), 401(k), SEP, and SIMPLE plans in 2010 cannot exceed $5,500, even if you work ...