For those who can afford it, the right 401(k) contribution rate is “the legal maximum.” Doing so will make for a fat retirement kitty. However, as this year’s limit is $22,500 (or $30,000 for ...

Contributing to your 401(k) is a great way to prepare for retirement, allowing for tax-deferred growth and, in some cases, employer matching contributions. If you really want to boost your savings, ...

How to turbocharge your 401(k) in your early 60s ...

For high earners looking to supercharge their retirement savings, enter the mega backdoor Roth. This financial strategy serves as a tax-shelter for retirement funds, which allows you to add tens of ...

The IRS caps how much you can contribute annually to 401(k) plans, IRAs and other retirement funds. But, starting at age 50, you can go over those limits with catch-up contributions. How much more you ...

An after-tax 401(k) lets you contribute taxable dollars to an employer retirement plan once you’ve reached your annual limit. You won’t get an immediate tax break with an after-tax 401(k), but you’ll ...