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Let's Legalize Unlimited Catch-Up Contributions in 401(k) Plans 401kHelpCenter.com ![]() [Opinion] May 19, 2005 Excerpt: [C]ongress needs to remove the ridiculously low ceiling on catch-up contributions and instead allow an unlimited amount to be socked away in tax advantaged accounts--whether it's a bonus, tax refund, inheritance or 100% of a spouse's income. Pardon the following 'condiment metaphor overload,' but by implying that a few thousand dollars of catch-up contributions will cut the mustard, we are putting Boomers in a pickle that will be impossible to get out of by the time they realize[.] |
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