If there was a way you could increase your retirement balance by tens of thousands of dollars in a relatively short period of time with small amounts of additional savings, would you do it? Probably. And fortunately, as today’s article outlines, there is a way to do just that: catch-up contributions. To illustrate just how much of a difference even small catch-up contributions can make on retirement balances, the author outlines three scenarios, one with no catch-up contributions, one with modest catch-up contributions and one with maximum catch-up contributions. For more – including what the author sees as the “bonus beauty of catch-up contributions” – CLICK HERE.
