1 Hey everyone, it’s Finance Fridays again and this is going to be a relatively short post about Catchup Contributions. Stock Photo from: Pexels What are “Catchup Contributions”? Well, your normal allowable yearly contributions to 401k/403b and 457 are $18000 (as of 2017). However, after the age of 50, this limit increases by $6000 to $24000 in order to help “catchup” in preparation for retirement. This also increases the prior maximum contribution of $54,000 (2017) from all […]