

What are Catch-Up Contributions?
RETIREMENT - READ TIME: 4 MIN A recent survey found that 28% of workers are very confident about having enough money to live comfortably through their retirement years. At the same time, 27% are not confident. 1 In 2001 congress passed a law that can help older workers make up for lost time. But few may understand how this generous offer can add up over time. 2 The “catch-up” provision allows workers who are over age 50 to make contributions to their qualified retirement plan