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2012 Is The Year Of Catch-Up For Me… How About You?

When the clock struck December 31, I knew something would be very different this year like no other. Yes, I will be older and in this case it is actually a benefit. This is very appealing to me because when I was younger (20’s, 30’s, 40’s) I didn’t save as much as I could or should have. I believe this is a VERY important lesson for younger generations and wish I had understood more of the benefits years ago.

Now to the exciting part of getting older! This is the year that I am allowed by the government (thanks!) to have a 401K catch-up contribution. In addition to the maximum, I am now allowed a $5,500 401k catch-up contribution this year!

Ok I must admit I am not terribly excited about being an age that starts with a 5 but this does make me happy that I now qualify for this additional benefit.

  • Do you have a 401K?
  • Have you always been in a position to maximize your contribution?
  • Do you contribute to your 401K?
  • Do you like the catch-up contribution as much as I do?

I look forward to reading your comments

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