Hi,
In 2025, if you are between 60-63, you can increase your catch-up contributions to $11,250. Is the age requirement your age at the end of 2025? For example, if you are 63, but your birthday is in October, you will be 63 in 2025 and turn 64 by year’s end. So, in this example, although they are 63 for most of 2025, but by the end of 2025 they are 64, does this mean they can cannot participate in the excess catch up to $11,250 or is is prorated?