This week on the Retirement Quick Tips Podcast, I'm talking about the new rules for catch up contributions for higher earners over 50, going to effect in 2026: If you're participating in your 401k plan at work, if you're over 50, you're planning to maximize your contributions including the additional catch-up contribution, and you're going to make more than $145,000 in wages from your employer in 2025 - the rules for making catch up contributions are changing for you in 2026. I spent the last couple days explaining this in detail, so if you missed those episodes, be sure to go back and have a listen. Today, I'm talking about the tax implications of this change and how you can prepare for it if you're used to getting a tax deduction on your 401k contributions.
