The IRS has proposed new rules for catch-up contributions, which are extra contributions to 401(k) or similar retirement plans for employees aged 50 or older.
Announced on Jan. 10, the proposed regulations aim to clarify how statutory changes introduced by the SECURE 2.0 Act should be implemented. With the proposal, the agency is also seeking to address public feedback received in response to an earlier notice, which provided initial guidance on catch-up contribution requirements.
The proposed rules introduce several key updates to the Internal Revenue Code (IRC) that are intended to improve retirement savings options and ensure compliance with the SECURE 2.0 Act.
Starting in 2026, employees earning more than $145,000 annually will be required to make their catch-up contributions as after-tax Roth contributions. While these contributions will not reduce taxable income in the year they are made, they will grow tax-free, and withdrawals during retirement will not be taxed. This change applies to employees aged 50 or older who participate in 401(k), 403(b), or similar retirement plans.
Until the Roth requirement takes effect in 2026, all eligible employees aged 50 or older, regardless of income, will still be able to make catch-up contributions under the existing rules. […]
— Read More: www.theepochtimes.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
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