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Aha! How ‘catch up’ contributions boost 401(k) savings Taking advantage of catch-up contributions in retirement accounts can help a lot in saving more to secure your clients' golden years, according to this article from the Wall Street Journal. For example, a 50-year-old 401(k) participant can expect $925,000 in retirement savings at 65 if he or she maxes out contributions, but could end up with $1.07 million if he or she makes catch-up contributions to the plan. Their 401(k) assets could grow to $1.58 million if makes catch-up contributions until the age of 70. — The Wall Street Journal
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