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The Independent UK
The Independent UK
Business
Katie Hawkinson

A major 401(k) change starts next year. Here’s what it means for you

FICA
Workers ages 50 and older are eligible to make catch-up contributions to their 401(k)s and other similar workplace retirement plans - (Getty Images/iStockphoto)

The Internal Revenue Service has announced a major change to 401(k) contributions for certain workers.

Workers ages 50 and older are eligible to make catch-up contributions to their 401(k)s and other similar workplace retirement plans.

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