50+ catchup

Submitted by Geoffrey Kasher on Fri, 2021-08-13 11:22

client just turned 50, 7/29.

can he contribute the catch-up amount this year?

Permalink Submitted by William Tuttle on Fri, 2021-08-13 11:49

Yes, if you turn age 50 anytime during a year, you can make catch-up contributions at anytime during that and subsequent years.

Permalink Submitted by Geoffrey Kasher on Fri, 2021-08-13 11:54

thought so thanks