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Catch-Up Contributions Put Retirees Way Ahead
Money Link to more items from this source
Jan. 13, 2016

"The additional 401(k) savings could amount to an additional $1,000 per month once a worker enters retirement ... According to new data from Fidelity, just 8% of its clients who are 50 and over make use of the catch-up program. Vanguard found ... that 16% contribute.... Among those 50+ who make more than $100,000 per year, the participation rate was 42%."

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