You don't have to be 50 for a full year before it happens. If you turn 50 and 20 22, even if you turn 50 on december 30 first 20 22,you can make your i r a catch up contribution. Remember the katch up contributions for your h s a started 55, not 50. A question about employer contributions into solo four one k.
In this week's episode we are taking listener questions regarding retirement accounts. We talk about 403(a), 403(b), and 457(b) accounts and what the maximum contributions for those are. We cover defined benefit plans vs a mega backdoor roth and when to pick which or both options. We answer questions about taxable accounts and catch-up contributions as well as differences in employer contributions and solo 401(k) accounts and when you can make contributions for a spouse. If you have questions about retirement accounts you will find some answers here.
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