New 401(k) catch-up regulation could affect more Long Islanders
Recent changes to federal retirement plan regulations could significantly impact many residents of Long Island, where salaries tend to be high due to the region’s elevated living costs, experts indicate. Starting in 2027, Americans aged 50 and above earning $145,000 or more will be required to contribute their catch-up contributions to 401(k) plans as after-tax […]
A new regulation will affect the tax-deferred status of certain 401(k) contributions. Here’s who will be impacted.
Next year, new regulations will impact high-income individuals making “catch-up” contributions to 401(k) plans or similar tax-deferred retirement accounts. These rules, established by the Safe 2.0 Retirement Act, will effectively remove the immediate tax benefits traditionally associated with such catch-up contributions alongside standard 401(k) contributions, as well as those from 403(b), 457(b), simplified employee pension […]
Peter Thiel’s $5 billion tax-exempt account led to a new 401(k) regulation affecting high-income Americans over 50.
Starting in the 2026 tax year, older workers with incomes exceeding a certain limit will be unable to make traditional 401(k) catch-up contributions. Specifically, those over 50 who earned more than $145,000 in the previous year will only be allowed to make post-tax (Roth) catch-up contributions. The IRS plans to evaluate the final regulations and […]
XRP Takes on a Retirement Angle: Expert Labels It a 401(k)
Legislators Advocate for 401(k) Access to Crypto This week, an interesting statement came from a decentralized exchange on the XRPL, which compared 401(k) plans to XRP, claiming they essentially serve the same purpose: to enhance long-term value for investors. A group of nine lawmakers, which included House Committee Chairs French Hill and Anne Wagner, has […]
Major GOP lawmakers support Trump’s directive for including crypto and other alternative assets in 401(k) plans
Support for Trump’s Move on Alternative Assets in 401(k) Plans A group of prominent Republican lawmakers in the House of Representatives is backing an initiative from the Trump administration that aims to incorporate alternative assets, including cryptocurrencies, into 401(k) plans. Among them, R-Ark, who chairs the House Financial Services Committee, along with R-Mo, head of […]
SEC Chairman Paul Atkins presents a plan for access to private markets in 401(k) accounts
SEC Chairman Discusses Expanded Access to 401(k) Investments SEC Chairman Paul Atkins recently remarked during an interview on “Mornings with Maria” that the Trump administration’s initiative to allow 401(k) retirement accounts to tap into private market investments could significantly benefit average Americans. He emphasized that this move would provide accessible options that were previously restricted. […]
Treasury and IRS complete regulation on 401(k) catch-up contributions and its implications for higher-income earners.
kate_sept2004 | E+ | Getty Images This week, the IRS and the US Treasury wrapped up new provisional guidelines from the Safe 2.0 Act of 2022, which includes provisions for catch-up contributions for workers aged over 50 in 401(k) and other retirement plans. Starting in 2027, contributions for catch-up will change, particularly for those who […]
The Secret to a Successful 401(k)
Understanding Retirement Savings Decisions Saving for retirement involves some critical choices, like when to start, how much to save, and where to invest. Lately, investment choices have been in the spotlight, especially following an executive order from President Trump. This order calls for regulators to develop a framework that allows 401(k) plans to include alternative […]
As stocks recovered from an initial decline in 2025, 401(k) savings also increased.
Investors Reap Rewards in 401(k) Plans Despite Market Turbulence Many retirement savers avoided panicking at the start of 2025, leading to solid gains by mid-year. Having cash reserves helps retirees stay calm during stock market downturns. Fidelity Investments reports an average 401(k) balance increase of 8% in the second quarter, continuing a positive trend. Retirement […]
The implications of Goldman’s agreement with T. Rowe Price for private assets in your 401(k)
Goldman Sachs and T. Rowe Price Collaborate on 401(k) Alternatives Goldman Sachs and T. Rowe Price are teaming up to broaden access to alternative assets for those participating in 401(k) plans, marking a significant move in the industry. On Thursday, they announced their partnership aimed at providing retail investors with opportunities in the private market. […]