SECURE 2.0 Glitch Appears To Remove Your Ability To Make Retirement Catch-Up Contributions In 2024

What’s a paragraph worth in a thousand pages of Congressional legislation? Quite possibly, your ability to save thousands of dollars more in your company’s retirement plan.

The news regarding SECURE 2.0 broke earlier this week from the National Association of Plan Advisors (NAPA) when a staffer at the American Retirement Association discovered a major glitch in the law’s wording. According to the NAPA post, the accidental elimination of a third subparagraph in one section of SECURE 2.0 “eliminated the ability to make ANY pre-tax catch-up contributions.”