Catch-up contributions are extra amounts that people age 50 or older are allowed to add to their retirement accounts each year. They’re designed to help those getting closer to retirement save more, especially if they weren’t able to contribute as much when they were younger. These contributions are on top of the regular yearly limits and can be made to plans like 401ks, IRAs, and others. Not all plans allow catch-up contributions, so it’s important to check the rules of your specific account. Catch-up contributions can be a helpful way to boost your retirement savings later in life.
Glossary Term
Catch-Up Contributions
Last updated: June 12, 2025 Published: June 12, 2025
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