Ep 7 - "Catch-Up" Contributions

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The Five-Minute Retirement Plan

Retirement Matters, Inc.

23 episodes

1 week ago

Looking for quick, actionable tips each week to improve your approach to retirement? Here's where you'll find it. Dave Grant, a Certified Financial Planner professional for over 15 years, breaks down topics important about retirement so they are easy to understand and implement in your situation.

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Investing

Business

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Ep 7 - "Catch-Up" Contributions

The Five-Minute Retirement Plan

4 minutes 53 seconds

6 months ago

Ep 7 - "Catch-Up" Contributions

Catch-Up contributions are important for retirement accounts once individuals reach the age of 50. Dave explains the various types of accounts eligible for catch-up contributions, the specific limits for each account, and the benefits of maximizing these contributions to enhance retirement savings and reduce taxable income. The conversation emphasizes the significance of being proactive in retirement planning and taking advantage of IRS provisions designed to assist those nearing retirement age.