Between 60 and 63? Here's How You Can Maximize 401(k) Contributions With a New Rule.
You have a prime opportunity to give your savings a last-minute boost.
Overview
Not everyone manages to start saving for retirement early in their careers. Student loans, entry-level wages, and other constraints could make it difficult to really focus on building a retirement nest egg until your 30s, 40s, or even beyond.
The good news is that if you have a 401(k) plan, you're allowed to make catch-up contributions once you turn 50. And you don't need to be "behind" on retirement savings to do so.
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Originally published at www.fool.com.
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