2024 401k Catch Up Amount.  — every year, by regulation, the irs revises how much you can contribute to your retirement plan that year. If you're 50 or older, you may be eligible to contribute an extra $7,500 to your 401 (k) in 2024.

Secure 2.0 provisions effective in 2025.  — to incentivize adults nearing their retirement age to save additional money, the government allows those 50 and older to contribute a higher amount to their 401 (k).