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If You're Between the Ages of 60 and 63, Don't Miss This Retirement Rule Change for 2025
Saving for retirement while you're young is a tall order, especially when you're earning a low salary and trying to pay for current expenses. Things can get a bit easier as you age because most people tend to see their salaries rise over time. But then you can run into a new issue.It's not just your budget that determines how much you can save in retirement accounts. The government gets a say, too. Fortunately, a rule change that took effect this year gives those aged 60 to 63 a little more flexibility to save for their future.Image source: Getty Images.Continue reading
Saving for retirement while you're young is a tall order, especially when you're earning a low salary and trying to pay for current expenses. Things can get a bit easier as you age because most people tend to see their salaries rise over time. But then you can run into a new issue.
It's not just your budget that determines how much you can save in retirement accounts. The government gets a say, too. Fortunately, a rule change that took effect this year gives those aged 60 to 63 a little more flexibility to save for their future.
Image source: Getty Images.
