Catch-Up Contributions: How Much Difference Do They Make?

If you’re over age 50, catch-up contributions are a great option. But how much difference do they really make?

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Timestamps
0:00 - Do catch-up contributions make a difference?
1:28 - Catch-up limits
2:02 - Assumptions
2:52 - Estimating living expenses
3:46 - Current retirement savings
4:14 - Projected savings at retirement
5:07 - Projected retirement income
6:37 - Monte Carlo analysis results
7:14 - Should you skip the catch-up contributions?

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-- About Patrick King CFP® --
Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. Patrick enjoys yoga, mountain biking, golf, travel photography, and Clemson football.

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