Make catch-up contributions

  • People age 50 or above can make additional catch-up contributions.
  • Catch-up contributions apply to IRAs and most employer plans.

Near retirement

People age 50 or above can make catch-up contributions to IRAs and most workplace retirement plans. These special contributions are in addition to the regular contribution limits and represent an opportunity to "top off" your retirement savings.

Your Ameriprise financial advisor can help you take advantage of catch-up contributions and other opportunities for retirement savings and investments.

Overview of catch-up contribution annual limits for 2014
Retirement plan Catch-up contribution Annual contribution limit Total contribution
Traditional and Roth IRAs $1,000 $5,500 $6,500
SIMPLE IRA and SIMPLE 401(k) $2,500 $12,000 $14,500
401(k), 403(b), 457(b), Roth 401(k) and Roth 403(b) $5,500 $17,500 $23,000


  • For 2014, the regular IRA contribution limit is $5,500. Eligible individuals can make a $1,000 catch-up contribution, for a total of $6,500.
  • For 2014, the regular 401(k) contribution limit is $17,500. An eligible worker can make a $5,500 catch-up contribution, for a total of $23,000.

Other catch-up rules to be aware of:

  • If you participate in one or more governmental 457(b) plans, you can make a combined $5,500 catch-up contribution to your plans. You do not need to combine this limit with other employer plan types.
  • If you participate in any other combination of employer-sponsored 401(k), 403(b) or SIMPLE IRA/401(k)s, total catch-up contributions can't exceed $5,500.

Take the next step

Additional or alternative catch-up contributions may be available for participants in 403(b) and eligible governmental 457(b) plans. An Ameriprise financial advisor or your plan administrator can provide more details.

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC.

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