Category: Personal Savings
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Before the ball drops on New Year's Eve, you can pump up your savings to squeeze as much out of 2014 as possible. Putting money into retirement accounts before year-end deadlines, opening new after-tax savings accounts and automating savings are all ways to ramp up your personal savings rate in the last days of the year.

SunTrust recently released a fourth-quarter checklist of items the bank encourages clients to consider before the clock strikes midnight on Dec. 31. The list includes selling securities with significant losses, making additional contributions to 401(k) accounts (keeping in mind that the 2014 limit is $17,500, with a $5,500 catch-up contributionfor those age 50 or older), reviewing estate plansand updating beneficiaries on retirement and life insurance accounts.