Tax Planning For Catch up Contributions to IRA and 401(K)

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TAX PLANNING

At 50, You Can Stash More Money Into Your Retirement Account

By The BIDaWIZ Team on May 9th, 2012 at 1:30 pm

Most of us are familiar with the benefits from contributing to a individual retirement account (IRA) or 401(K) plan early in life. In a nutshell, it prepares you financially for when you retire. Fortunately, lawmakers realize that not everyone is able to stash as much into their retirement accounts as they would like to early in life. Those turning age 50 and beyond, may be able to benefit from contributing more to their retirement accounts than when they were younger. .

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