Over 50? Don't Botch This New 401(k) Rule.
A key 401(k) update may be something you need to know about.
Overview
If you're over 50, catch-up contributions can be a great way to accelerate your retirement savings. In fact, catch-up contributions actually start at 50. And this year, you may be eligible to put an additional $8,000 into your 401(k) on top of the regular $24,500 limit.
But depending on your income, you may need to do things differently this year. Thanks to an important 401(k) rule change, catch-up contributions aren't as straightforward as they used to be.
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Details
Source
Originally published at www.fool.com.
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