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Saving Advice
Saving Advice
Lifestyle
Drew Blankenship

The “Super Catch-Up” Math: How to Add $143,000 to Your Nest Egg in 4 Years

super catch-up contribution
Image Source: Shutterstock

When retirement is just around the corner, many people start to worry that they didn’t save enough early on in their working years. But that doesn’t mean it is too late. A newer retirement rule is giving people in their early 60s a chance to catch up. Now, thanks to changes from the SECURE 2.0 law, workers between the ages of 60 and 63 can make higher retirement contributions than ever before. If used strategically, this opportunity could help some workers add more than $143,000 to their retirement accounts in just four years. Here’s how you can stack up serious savings over the next four years.

What the Super Catch-Up Contribution Actually Is

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