It’s not too late to “catch up”
For many workers, turning 50 means the start of the homestretch for retirement savings. But if you are 50 or over, here is an important retirement savings strategy that can help to relieve some of the stress this planning can bring and give your savings a boost as you approach retirement: catch-up contributions. Catch-up contributions allow workers age 50 and older to save more in a retirement plan than the annual imposed savings limit. You can make catch-up contributions at…