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Get answers to all your questions about the application process and SIMPLE IRA here

Can I make additional contributions to my SIMPLE IRA plan in addition to the employer match?

Yes. If you're age 50 or older, you can make additional "catch-up" contributions to your SIMPLE IRA on top of your employer's match. For 2024, the catch-up contribution limit is $3,500. This amount may increase in future years based on cost-of-living adjustments.

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