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“They were devastating with over 50% pull backs in the S&P 500 with people losing over 50% in their retirement accounts,” he said. ... During the market sell-off in 2022, ...
For the 2024 tax year, if you’re 50 or older, you can contribute an additional $7,500 to an eligible employee retirement account, for a total of $30,500 per year. Eligible accounts include: 401(k)s