The 401k super catch-up provision is an Internal Revenue Service (IRS) rule that allows individuals who are age 50 or older to make additional contributions to their 401(k) retirement plans.
The super catch-up provision was created in 2001 and has been modified several times since then. The current limits for 2023 are $7,500 for traditional and safe harbor 401(k) plans, and $6,500 for SIMPLE 401(k) plans. These limits are indexed to inflation and are adjusted each year.
A tool designed for the fourth generation (Diamond, Pearl, Platinum, HeartGold, and SoulSilver) of Pokmon games helps players determine the probability of capturing a specific Pokmon. This probability is based on factors such as the target Pokmon’s current and maximum HP, its catch rate, and the type of Pok Ball used. For instance, weakening a Pokmon with low HP and using a strong Pok Ball like an Ultra Ball significantly increases the capture chance.
Such tools are invaluable for players seeking to complete their Pokdex or capture elusive legendary Pokmon. Prior to readily available online resources, players relied on in-game trial and error or complex formulas to estimate capture probabilities. These tools offer a streamlined approach, allowing for informed decisions during encounters. This knowledge is especially crucial in challenging battles where resources like Pok Balls are limited.
A tool designed for the mobile game Pokmon Go helps players estimate the probability of capturing a specific Pokmon given various factors such as the Pokmon’s species, level, ball type, berries used, curveball bonus, and throw accuracy. These tools typically use formulas based on the game’s mechanics to provide a percentage representing the likelihood of a successful capture on each throw. For example, using a Razz Berry and landing an excellent curveball throw with an Ultra Ball on a low-level Pokmon will yield a higher predicted capture probability than a straight throw with a Pok Ball without any berry.
Understanding capture probabilities is essential for strategic play in Pokmon Go. It empowers players to make informed decisions about resource allocation. Knowing the odds of success allows trainers to choose the appropriate ball type and berries, maximizing their chances of catching rare or powerful Pokmon without wasting valuable items. This knowledge becomes particularly crucial during limited-time events or when encountering legendary or mythical Pokmon. The development and refinement of these tools have evolved alongside game updates, reflecting the changing mechanics and complexities of Pokmon Go’s capture system.
The SECURE Act 2.0, signed into law in December 2022, made significant changes to retirement savings rules, including increasing catch-up contribution limits for individuals age 50 and older.
These catch-up contributions allow individuals to save more money for retirement in the years leading up to retirement, when they may have higher earnings and are trying to make up for lost savings. For 2023 and 2024, the catch-up contribution limit is $7,500. In 2025, the catch-up contribution limit will increase to $10,000.
Under the SECURE Act of 2019, individuals can make catch-up contributions to their retirement accounts once they reach age 50. These contributions are in addition to the regular contribution limits, and they allow individuals to save more money for retirement. The catch-up contribution limit for 2023 is $1,000 for 401(k) plans and $750 for IRAs, and it is scheduled to increase to $1,500 for 401(k) plans and $1,000 for IRAs in 2025.
Catch-up contributions can be a valuable tool for individuals who are behind on their retirement savings. They can help individuals to increase their retirement savings and reduce the risk of running out of money in retirement.
