Navigating Catch-Up Contributions: Retirement Savings After Age 50
Planning for retirement often feels like a marathon, not a sprint. For many people, the years leading up to age 50 are filled with juggling career growth, family responsibilities, and everyday expenses. It’s easy to feel like your retirement savings haven’t grown as much as you’d hoped. The good news is that once you turn 50, the IRS gives you a chance to “catch up” by contributing extra money into your retirement accounts. Understanding and navigating catch-up contributions—including new rules and expanded opportunities—can help you take meaningful steps toward strengthening your retirement strateg