1. Contribute at least enough to your 401(k) plan to capture your employer's match, and bump up future contributions automatically.
2. If you are 50 or older, make additional "catch-up" contributions of up to $5,000 a year.
3. If you own a business, take advantage of tax breaks and shift the additional money to savings.
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4. Don't raid your retirement accounts early. You'll lose the benefits of compounding.
5. Plan to work a few years longer to fatten your kitty and your Social Security check.
6. If you are already retired, reduce your annual withdrawals until the stock market bounces back.
| Row 0 - Cell 0 | Catch Up on Retirement Savings |
| Row 1 - Cell 0 | How Working Longer Adds Up |
| Row 2 - Cell 0 | The Cost to Crack Your Nest Egg |
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403(b) Contribution Limits for 2024retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2024 than they could in 2023.
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SEP IRA Contribution Limits for 2024SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $69,000 a year.
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Roth IRA Contribution Limits for 2024Roth IRAs Roth IRA contribution limits have gone up for 2024. Here's what you need to know.
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SIMPLE IRA Contribution Limits for 2024simple IRA The maximum amount workers at small businesses can contribute to a SIMPLE IRA increased by $500 for 2024.
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457 Contribution Limits for 2024retirement plans State and local government workers can contribute more to their 457 plans in 2024 than in 2023.
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Roth 401(k) Contribution Limits for 2024retirement plans The Roth 401(k) contribution limit for 2024 is increasing, and workers who are 50 and older can save even more.
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Is a Medicare Advantage Plan Right for You?Medicare Advantage plans can provide additional benefits beneficiaries can't get through original Medicare for no or a low monthly premium. But there are downsides to this insurance too.
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What You Must Know About the Different Parts of MedicareMedicare Medicare can be complicated but we've got you covered. Here is a quick guide to the different benefits provided through each part.
