Catch-Up Contributions

A recent survey found that 17% of people were very confident about having enough money to live comfortably through their retirement years. At the same time, 36% were not confident.

Congress in 2001 passed a law that can help older workers make up for lost time. But few may understand how this generous offer can add up over time.

The “catch-up” provision allows workers who are over age 50 to make contributions to their qualified retirement plans in excess of the limits imposed on younger workers.

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5 Benefits of Working in Retirement

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002. As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits.

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How to Protect Against Elder Financial Abuse

Be proactive. Tell your financial advisor the name of someone you feel would be important to contact should anything appear to be different or wrong in your behavior patterns. As embarrassing as it would be to have someone suggest that you are changing your behavior, it would be far worse for nothing to be questioned and have your net worth decimated or your identity stolen.

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