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Kiplinger
Kiplinger
Business
Donna Fuscaldo

401(k) Super Catch-Ups: Are They Right for You?

Raining money .

If you will be 60 to 63 in 2025, a super catch-up contribution may be just the retirement planning hack you need. It's an effort by the Government to address Americans' retirement savings problem, particularly among workers over 50.

A recent AARP survey found one in five adults age 50 and over have no retirement savings at all, and more than half are worried they won’t have enough cash to support their lifestyle when they do retire. That’s just the latest survey to illuminate a problem that has been around for years.

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