Steps for catching up your retirement savings paid Impact_Partner
When life happens, it’s easy to put things besides retirement savings first. If you’re not careful, one day you may realize your savings are not where they should be. If you’re in that boat, hope isn’t lost … yet.
You need to ask yourself what you can do to build and improve your retirement savings. Are there any steps you can take to catch your savings back up? Luckily, there are.Someone within the retirement age bracket can plan for catch-up contributions. The Internal Revenue Service allows these contributions for IRAs and other retirement accounts. For instance, someone 50 years or older can choose to contribute $25,000 to a 401 account, as opposed to a younger person’s contribution of $19,000.
This content was brought to you by Impact PartnersVoice. Registered Representative offering securities and advisory services through Independent Financial Group, LLC, a registered broker-dealer and investment advisor. Member FINRA and SIPC. JP Morand & Company is not affiliated with Independent Financial Group, LLC. OSJ: 12671 High Bluff Dr., Suite 200, San Diego, CA 92130. Insurance and annuities offered through Jeffrey P Morand, CO insurance license #43453.
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