The “Super Catch-Up”

Retirement Contributions for Individuals Aged 60-63

For those between the ages of 60 and 63, you are now eligible for the new “Super Catch-Up” contribution.

This is an important update that takes effect in 2025 and will continue until further notice. Meaning, this isn’t the only year to take advantage of this retirement savings opportunity.

What is the Super Catch-Up?

The Super Catch-Up is a provision introduced under the SECURE 2.0 Act, designed to help individuals give a little extra boost to their retirement savings. Starting in 2025, people aged 60 to 63 can make additional catch-up contributions to their retirement accounts, including 401(k)s, 403(b)s, and governmental 457 plans.

How Does It Work?

For the year 2025, the enhanced catch-up contribution limit for those aged 60 to 63 is $11,250, which is higher than the standard catch-up contribution limit of $7,500 for individuals aged 50 and over. This means you can contribute an additional $3,750 to your retirement account on top of the regular contribution limits, allowing you to significantly increase your retirement savings.

Benefits of the Super Catch-Up

• Increased Savings: The higher contribution limit allows you to save more for retirement, helping you build a more substantial nest egg.
• Tax Advantages: Contributions to retirement plans may be tax-deductible, potentially lowering your taxable income.
• Catch-Up on Savings: If you feel you haven’t saved enough for retirement, this provision gives you an opportunity to catch up and enhance your financial security.

If you would like to learn more or discuss how a Super Catch-Up contribution could work in your TrueNorth plan, please feel free to call or email us.

TrueNorth Wealth & Impact, LLC does not provide tax or legal advice, but we are happy to work with your tax and legal advisors.