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GOBankingRates
GOBankingRates
Gabrielle Olya

New IRS Rule Changes How You Can Save for Retirement: What High Earners Need To Know

IRS David Johnston
Ajda Mljac / Getty Images

In September, the IRS finalized a rule that changes how high-income workers ages 50 and older can make catch-up contributions to their 401(k) and similar workplace plans. Starting in 2027, these contributions must be made as after-tax Roth contributions — potentially reshaping retirement strategies for millions.

Find Out: The Biggest 401(k) Mistake People Make, According to Dave Ramsey

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