If you’re over 50 the time to check how much you’re putting in your 401k is now. InvestigateTV Consumer Investigator RachelDePompa talks to AgiliYourCFO to share changes to federal regulations that can help you better prepare for retirement.
, which was signed into law last year, people age 50 and older can now contribute more to their retirement funds beyond the annual limit.
Starting in 2025, catch-up contribution limits for retirement plans such as 401s and IRA accounts will increase from $7,500 per year to $10,000. said this could help people set aside more money now for their future. “If you’re over age 50, the time to check how much you’re putting in your 401k is now, especially if you’re looking to maximize your contribution,” Joyce explained. “Because you want to make sure it’s more even throughout the year, in terms of your 401K contributions.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
What to buy in July: Consumer Reports breaks down Prime deals, summer salesWith Fourth of July sales here and Amazon Prime Day right around the corner, Consumer Reports says July is a month full of ways to save big this summer.
Les mer »
Consumer Reports warns of brake light concerns with certain electric vehiclesConsumer Reports is sending a warning to drivers.
Les mer »
Consumer Reports warns of brake light concerns with certain electric vehiclesConsumer Reports is sending a warning to drivers -- the electric vehicle in front of you might be slowing down, but you might not know until the last second. New tests show the brake lights on some EVs don’t come on early enough to warn other drivers the car is coming to a stop.
Les mer »
With just 8% of new vehicles costing under $30,000, 'it’s the least affordable car market in modern history,' expert saysAs consumer tastes change, carmakers are upgrading their lineups and scaling back on less-expensive cars.
Les mer »
No time for 'Sunday Sauce'? Try these top tomato saucesConsumer Reports tried more than three dozen varieties to reveal some favorites for your family.
Les mer »
Barbie’s Malibu DreamHouse is available to rent. Here’s how to book your stayThe fun summer movie, 'Barbie,' is spurring lots of consumer opportunities and...
Les mer »