These retirement bills let older workers put even more into their 401(k)s
CNN
Currently, anyone 50 or older may contribute an additional $6,500 on top of the annual $20,500 federal 401(k) contribution limit, for a total of $27,000 a year.
But under the Secure Act 2.0, which the House passed in March, the cap on catch-up contributions would increase to $10,000 for people ages 62, 63 and 64. So they'd be allowed to save a total of $30,500 in their 401(k)s.
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