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Catch-Up Contributions

June 16, 2023

A recent survey found that 28% of workers are very confident about having enough money to live comfortably through their retirement years. At the same time, 27% are not confident.

In 2001 congress passed a law that can help older workers make up for lost time. But few may understand how this generous offer can add up over time.

The "catch up" provision allows workers who are over age 50 to make contributions to their qualified retirement plans in excess of the limits imposed on younger workers.

Learn how by reading the full article here: 

Catch Up Contributions