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Chris Chambos
Chris Chambos
Elliott Cove Capital Management Investment Advisor
http://www.elliottcove.com/chrischambos 907-261-4647

I have dedicated 21 years to helping individuals in the financial services industry. I am passionate about guiding clients to their personal financial goals. I combine my expertise with a personal touch. Outside of work, I enjoy time with family, hunting, fishing, and coaching youth hockey.

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The Power of 401k Catch-Ups

Discover how 401(k) catch-up contributions, like the new "super catch-up" for ages 60-63, can significantly boost your retirement savings. See the potential difference these contributions could make by age 67.

Your Information

$
$0$10M
%

2026 Contribution Limits

Standard Contribution Limit$24,500
50+ Catch-Up Limit+$8,000
60-63 "Super Catch-Up" Limit+$11,250

Your Catch-Up Benefit

With both regular catch-up contributions and 60-63 catch-up contributions between ages 60-67

Additional Savings by Age 67
$0
Additional Monthly Income Over 30-Year Retirement$0

Projected Balance at Age 67

Regular Contributions Only$24,500/year
$0
With 50+ Catch-Up$32,500/year
$0
With Super Catch-Up (60-63)$35,750/year ages 60-63, then $32,500/year
$0

Growth Comparison

This is the additional amount you could accumulate by age 67 if you take full advantage of catch-up contributions, including the enhanced "super catch-up" for ages 60-63. This could provide approximately $0 in additional monthly retirement income.

Once you reach age 73, you must begin taking required minimum distributions (RMDs) from your 401(k) or any other defined contribution plan in most circumstances. Withdrawals are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

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