catch-up contributions


Additional tax-deferred funds that are set aside for retirement and are placed into retirement accounts such as a 401(k). Catch-up contributions are used by people who are over 50 years old and have less time to take advantage of compounding. Also, these may have a maximum contribution limit, which depends on the type of retirement account used by the contributor and the year the contribution is made.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
catch a falling knife cats and dogs