Jul 27, 2023

Retirement catch-up

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Legislation set to go into effect next year will allow some 401(k) catch-up contributions to be taxed upfront — rather than when they're withdrawn for retirement. Plus, a new electric airline company, and an update from the Fed about a potential September rate hike.

Segments From this episode

What’s the deal with catch-up provisions and retirement?

by David Brancaccio , Chris Farrell and Erika Soderstrom

Jul 27, 2023

The details on this savings tactic and how it’s changing in 2024.

According to a study by Vanguard, only 16% of people near retirement took advantage of the catch-up provision.

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Ariana Rosas Producer

Jordan Mangi Digital Producer

Jesson Duller Media Producer

Nick Esposito Media Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Olie D'Albertanson Producer, BBC

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