Catch-Up Contribution

During your 20s, most of your disposable income went to video games and Slim Jims. Not much for retirement. Your 30s involved a lot of clothes and self-help books (mostly themed on how you wasted your 20s). Your 40s were mostly spent trying to recapture your lost youth, though this time the money went toward expensive car purchases and a lot of voluntary medical procedures involving your hair and chin.

So, now you're 51 years old and have no money for retirement.

Time to catch up. Luckily, there are tax laws to help you out (a sentence you don't hear every day). If you are 50 or over, the IRS allows additional contributions to certain retirement plans, like a 401(k), so that you can put money away in a tax-efficient way. Because goodness knows you've been all about efficiency.