Opinion: The tragic aftermath of the overturning of Roe v. Wade
Girls' and women’s lives and reproductive fates are being determined by the state. Their futures are ultimately being decided for them.
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Girls' and women’s lives and reproductive fates are being determined by the state. Their futures are ultimately being decided for them.
The intent was simply to require catch-up on a Roth basis for high-wage earners, i.e., those making more than $145,000 from their employer in the prior year, and to permit other participants to make catch-up contributions on either a pre-tax or Roth basis.
Obstacles to operationalizing the change are no less complicated for employers who use spillover-style catch-up contribution elections.
Employers can offer participants who are age 50 or older the opportunity to make additional catch-up contributions to their retirement plans, providing a great way for older workers to save more money—up to an extra $7,500 for 2023—as they get closer to retirement age.
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act requires...