Starting in 2024, high-wage earners will no longer be allowed to make 401(K) catch-up contributions with pre-tax dollars, they will be forced to make catch-up contributions in Roth dollars. This makes those catch-up contributions taxable to the employee which is typically less favorable for employees that are in higher tax brackets.
Here is our long-form video on the Mandatory Roth Catch-up contributions that will take effect in 2024 as a result of the Secure Act 2.0:
https://youtu.be/AYLVjA5N97k
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