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Kiplinger
Kiplinger
Business
Charles Lewis Sizemore, CFA

The Best Ways to Invest Your Super Catch-Up Contributions

Three golden eggs in a bird's nest placed on top of rows of one-hundred dollar bills.

Americans 50 and older have long been allowed "catch-up contributions" to their 401(k) plans, IRAs and other retirement accounts. The reason is straightforward: as the runway to retirement gets shorter, Uncle Sam wanted to incentivize as much saving as possible.

But under the 2022 SECURE 2.0 Act, Congress allowed for additional "super" catch-up contributions for Americans aged 60 to 63.

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