Key Takeaways:
- 1. Starting in 2026, catch-up contributions for 401(k) accounts will no longer be tax-deferred for earners above $145,000.
- 2. The new 401(k) rules may create opportunities for scammers to exploit retirees and workers.
- 3. Ways to protect yourself from 401(k) scams include understanding the changes, using data removal services, verifying calls and emails, and monitoring credit and accounts.
Changes to 401(k) catch-up contributions in 2026 will impact high earners, tax planning, and create opportunities for scammers. Scammers may use the confusion to exploit individuals through various tactics. To protect yourself, understand the legitimate changes, use data removal services, verify communications, install antivirus software, monitor accounts, and educate family members.
Insight: Being proactive and informed about 401(k) changes, monitoring personal data, and taking steps to safeguard against scams is crucial to protect financial futures from scammers seeking to exploit the upcoming rule changes.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/scammers-target-retirees-major-401k-rule-changes-loom-2026-tax-year-ahead-nationwide
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