hard · Certified Financial Planner Risk Management
Mr. Ibarra, age 62, has prior-year FICA wages of $168,000. In 2026, he wishes to maximize his 401(k) contributions, including catch-ups.
According to SECURE 2.0 provisions in force for 2026, what is his maximum permissible elective deferral and how must it be treated?
- $32,500, with no Roth requirement
- 24,500, because catch-ups are prohibited for earners above160,000
- 35,750, of which11,250 must be a Roth contribution
- $35,750, all of which may be pre-tax
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