Automating 401(k) contributions can be an effective way to catch up because it is a “set it and forget it” tactic that removes the need for manual adjustments and helps overcome the ...

The 401(k) super catch-up provision is the government's way of helping those on the cusp of retirement sock away more funds in their 401(k) plans. It's hardly a secret that many Americans are ...

Not surprisingly, the balances in 401 (k) plans go down for people in their 70s and 80s. The average 401 (k) balance for ...

Catch-up contributions are usually worth it, in the sense that it's always a good idea to boost your retirement savings. If you can increase your savings, it's generally wise to do so. The ...

If you're behind in your saving and investing for retirement, you're not alone. According to the 2024 Retirement Confidence ...

Catch-up contributions allow extra savings for those over 50, enhancing retirement funds. Contributions reduce taxable income, making it easier to save more. The Secure 2.0 Act introduces special ...

A crucial aspect of these legislative changes is the impact on trusts named as beneficiaries of retirement accounts. This ...

For individuals under 50, the IRA contribution limit is $7,000, while those 50 and older can contribute up to $8,000. For 401(k) participants aged 50 and older, the standard catch-up contribution ...

If you’re anyone who is starting to think about retirement, there is every reason to start planning as early as possible. In fact, many millennials hope to set aside enough money to properly enjoy ...

Responding to a recent call from a financial advisor in Ohio, the ERISA consultants at the Retirement Learning Center (RLC) address a question on SIMPLE IRA catch-up contribution limits.