SECURE 2.0 Roth Solo 401k Mandatory Catch-up Contributions DELAYED-IRS Notice 2023-62

SECURE 2.0 calls for solo 401k catch-up contributions, which require the account holder to be age 50 or older, to be made as a Roth solo 401k contribution if you are a high self-employed individual, which was supposed to be effective in 2024; however, the IRS has delayed the effective date to January 1, 2026 to allow plans to implement this new rule. See IRS Notice 2023-62 for more information.  

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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