Saving for retirement is tough at any age, but it's especially difficult for young workers who are earning modest salaries and saving up for more immediate goals, like buying a home or starting a family. This means a lot of people have smaller nest eggs than they'd like by the time they reach middle age.

Fortunately for some, the rules regarding annual retirement contributions change once you turn 50, and this can help you make up for lost time. Here's what you need to know.

Image source: Getty Images.

Continue reading

Source Fool.com