When Congress passed the Secure 2.0 retirement bill in late 2022, they accidentally eliminated a provision to let people make extra catch-up contributions to their retirement plans in their early 60s and, instead, made catch-up contributions impossible beginning in 2024. Fixing this technical error, may not be so easy, however. Tax and elder law expert Professor Richard Kaplan told MarketWatch that a stand-alone bill to allow catch-up contributions is unlikely and a fix may have to be attached to a larger bill. In previous instances when similar policy has lapsed, such as when the federal estate tax lapsed, it took a year to correct, supporting Kaplan's idea that a fix might be hard to come by.
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