A woman looks over her 401(k) account statement to determine whether she should make catch-up contributions.

I’m 55 With $1.2 Million Saved

A woman looks over her 401(k) account statement to determine whether she should make catch-up contributions. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Catch-up contributions are designed to help people save extra money in tax-advantaged retirement accounts once they hit age 50. For many savers who…

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