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Planning Strategies

Retirement: Planning Strategies: Catching Up on Retirement Savings

Attention 50-Somethings.

To help individuals like you set aside more contributions for retirement, an IRS provision allows people age 50 and over to make additional contributions to their 401(k) and/or individual retirement accounts. Known as Catch-Up Contributions, recent legislation made these expanded limits and other pension-related provisions permanent.

If you make the annual maximum allowable contribution to your IRA and are age 50 or over, you can make an additional $1,000 catch-up contribution to your IRA or Roth IRA.

Call your financial professional today to learn how taking advantage of this ”catch-up” opportunity can impact your retirement savings and help you save more for retirement.



To obtain a prospectus, download online or call Sales Support at 1.800.787.1621

While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that The Principal® is not rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. For more information about our funds, including their full names, please see the Principal Funds, Inc. prospectus or call Sales Support at 1.800.787.1621.

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