401(k) Savings Plans Get a Boost in Bipartisan Retirement Bill - WSJ

The bill would allow older workers to make bigger contributions.

Nice payoff to the AARP vote.

This illustrates how dumb this bill and this Congress is. Why not increase limits for all workers so we don’t have another wave of underfunded/underprepared savers in the decades to come?

Putting money into your retirement account at age 50+ has virtually no opportunity for a meaningful return when compared to the same savings opportunity for workers in their 20s, 30s, and 40s.