Changes in Retirement Savings Rules to Know
Manage episode 435166694 series 3561347
Mike discusses tax planning and retirement savings rules that have recently changed, including the elimination of required minimum distributions (RMDs) from Roth 401(k) plans and the reduction of penalties for missed RMDs.
The discussion also touches on the importance of tax planning and maximizing the benefits of 401(k)s and IRAs. The conversation concludes with a mention of catch-up contributions for high earners and alternative solutions for tax-savvy individuals.
Want to begin building your retirement plan? Schedule a call with us here: π https://bit.ly/3Rq2d9i
Follow us for more helpful insights:
π±οΈ Facebook- https://bit.ly/3PmJcSt
π±οΈ LinkedIn- https://bit.ly/44T88a9
π±οΈ Twitter- https://bit.ly/3PHxqDJ
See omnystudio.com/listener for privacy information.
235 episodes