Big 401(k) alert: High-income Americans 50+ may lose crucial tax breaks soon

High earners aged 50 and above may lose pretax 401(k) catch-up options starting 2027. All extra contributions for these workers must go into Roth accounts. This change affects retirement taxes and planning. People may need to adjust their savings strategy, use Roth accounts for tax-free growth, and talk to financial advisors to stay prepared for the new 401(k) rules.