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The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.

SECURE 2.0 changes are designed to simplify plan administration for sponsors of defined contribution plans and encourage employees to save. Each change discussed is optional. If an employer elects to, the changes are effective for plan years beginning after SECURE 2.0's enactment.