Retirement catch-up
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go into effect next year will allow some 401(k) catch-up contributions to be taxed upfront — rather than when they're withdrawn for retirement.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?

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

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