I been told that I can take $ 5000.00 each year (from 55 yrs old to 60 yrs old) to catch up. It is called 401K catch up or something like that... do you know anything about it ? My broker told me that but she is not sure of the exact name in 2010 it won't exist anymore... thank you

For the past few years, there was a catch-up provision for those over age 50 to increase their 401K withholding to $5,000 ($1,000 over the max withholidng of $4,000).