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
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
