https://www.barrons.com/articles/401k-retirement-super-catch-up-contributions-e2358dd8?mod=past_editions
How to Make the Most of the New ‘Super Catch-Ups’ for 401(k)s
By Elizabeth O’Brien
Updated Jan 09, 2025, 8:53 am EST / Original Jan 09, 2025, 2:30 am 70EST
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Savers in their early 60s can sock away nearly $35,000 in their 401(k) account for retirement in 2025, thanks to the new “super catch-up” rules. The higher contribution limits aren’t a slam dunk for everyone, though, and you may need to make adjustments to other retirement accounts to maximize your savings.
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Unfortunately behind a paywall.
I’m not so sure that if I was 60 and had 35k$ to spare that any tax deffered savings plan would be the course I would chose.
Tell me what the inflation rate will be between now and say age 70 and that might be a case of getting out “depreciated dollars”. For the very rich in a high tax bracket, the tax savings MAY offset the loss of “purchasing power”. Everyone else has to guess what reality will have to offer.
I’m no Warren Buffet By far, I’ve made some great trades and some terrible decisions.
YMMV
I am a firm believe that you can’t trust the Gooferment, its politicians and bureaucrats, or any “celebrity spokesman”. If you see it on TV, hear it on radio, or read it on the net, then ask “cut bono”. Who’s paying for the advertisement? Even if you can see it, some one is getting a cut.
I’m old enough to remember lessons from a family friend who lived thru the Weimar Republic inflation. Wife would go to the old man’s office at lunchtime every day, take whatever he earned that morning, and run out an buy something, Anything! When she spoke of it, her hands trembled in fear almost 50 years later. Who she buy the “right thing”, or anything. Or be left with a handful of worthless paper. Made a big impression on me.
So where ever you put that “extra” 35k$, make sure it’s money well spent.
I’d select gold rounds, silver rounds, bitcoin, or goldbacks. Probably some mix of the four. Take the tax hit now and avoid the “inflation tax”. Probably be some complex math to say that is “bad advice”, but that would be my choice.
As always YMMV and faiwwypfi (Free Advice Is Worth What You Pay For It! ?zero?)
See you on the other side to decide if I was more right than wrong.
—30—
Posted by reinkefj 
Reinke Faces Life 