Turning 60 to 63 in 2025? This Big 401(k) Change Could Set You Up With Loads More Retirement Income.
A new rule puts near-retirees in a strong position to boost their savings.
There’s a benefit to saving for retirement in a 401(k) over an IRA. With a 401(k), you get the ability to contribute a much larger sum each year. And if you’re lucky, a workplace match could put more money into your retirement plan.