I am 61 years old and would like to contribute to my employer's 401(k) plan. Is there an age limit?

By Denise Appleby AAA
A:

There is no age limit. As long as you are still employed by the company that sponsors the 401(k) plan, you may participate in the plan and make contributions.

Be sure to check with your employer about financial planning services. Many companies offer professional financial planning services to their employees at no cost. A financial planner will assist you in making appropriate investments for your 401(k) plan assets, and may even provide additional services that could be helpful to you.
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For more on the subject, read the 401(k) and Qualified Plans Tutorial.

This question was answered by Denise Appleby
(Contact Denise)






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