7. Higher Retirement Account Contributions (“Catch-Up” Contributions)
If you’re still working after 50 (including age 65+), you can contribute more to tax-advantaged retirement accounts.
For 2025–2026:
- Higher limits on 401(k) contributions
- Additional IRA catch-up contributions
Benefits:
- Reduce your taxable income today
- Increase your retirement savings
- Grow money tax-deferred or tax-free
Important: This is especially useful for late retirees, part-time workers, and business owners.
