Podcasts about secure act 2.0

Topics discussed in this episode include:Key upcoming provisions and their effective datesStrategies for evaluating and implementing plan changesWhy documentation is so important for complianceHow to prepare for plan amendments by the end of 2026Education and communication strategies for plan participantsEpisode resources:Watch episodes of The 401(k) Audit CPA Success Show on YouTube.Learn more about the Anders 401(k) process and pricing.Request a 401(k) audit consultation

This episode is next in the podcast series #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In this episode, Patti discusses inherited IRAs and the common misconceptions surrounding them. It's a critical topic where a lack of understanding can lead to significant penalties.

Do you know what effects the Secure Act 2.0 will have on your financial planning? Find out in today's episode. 00:00 – Intro 00:53 – The Most FRUSTRATING Financial Move I've Made 08:30 – Changes from the Secure Act 2.0 10:15 – 1) Educational Investments 14:32 – 2) Retirement Contributions 18:06 – 3) Retirement Matching 20:40 – 4) Retirement Distributions 24:56 – 5) Other Miscellaneous Changes 27:55 – 6) Seldom Mentioned Changes Today's story describes one of the most painfully frustrating financial moves we have ever made. And it ALL could have been avoided if we had known about the changes to the Secure Act 2.0! What was the most frustrating financial move that you have made? The main topic goes over 6 broad categories of changes that the Secure Act 2.0 has caused in the financial world. These changes could be VERY important for your financial journey. Let us know what you think in the comments!  Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday! Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.  Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/b... or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Imagine growing your wealth tax-free and leaving a legacy for your loved ones. In this episode, Mike Canet delves into the benefits of using life insurance policies as a tax-efficient investment tool, contrasting it with traditional 401(k) plans. By investing in life insurance, you can potentially achieve a higher rate of return without the burden of taxes, both when contributing and withdrawing. Mike emphasizes the importance of balancing today's needs with future planning, ensuring financial advantages for both you and your heirs. Additionally, this episode touches on the current political landscape and its impact on federal spending, urging listeners to make informed decisions about their finances. Join the conversation to learn how to navigate the Secure Act 2.0 and optimize your financial strategy. Want to begin building your retirement plan? Schedule a call with us here:

The end of the year brings up two discussions about your 401(k). 1) If you are retired, it's time to figure out your Required Minimum Distribution (RMD). 2) If you are getting ready for retirement, it's IRA-to-Roth conversions. Charisse looks at the pros and cons of both. Like this episode?  Hit that Follow button and never miss an episode!

Text us your financial questions!Henssler Money Talks — October 12, 2024Season 38, Episode 41This week on "Money Talks," Director of Research, Nick Antonucci, CVA, CEPA, is joined by Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS® to discuss September's employment situation, International Trade, and September's Consumer Price Index. The financial experts break down some of the changes coming to retirement accounts in 2025 as part of the phased-in provisions from the Secure Act 2.0, including souped-up catch-up contributions for those ages 60 to 63, automatic 401(k) enrollment, and the enforcement of failure to withdraw penalties on inherited IRAs. The hosts round out the show with a listener's question on Lockheed Martin. Timestamps and Chapters00:00: Market Roundup: Oct. 7 – Oct. 11, 202422:38: Case Study:  Changes coming to IRAs and 401(k)s in 2025 41:43: Q&A Time: Lockheed Martin Follow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup  “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

Secure Act ConcernsRules for Traditional and Roth IRAs and Changes for Inherited IRAsWill Beneficiaries Need to Withdraw RMDs Every Year?Do People Who Inherit IRAs Still Need to Follow the 10-Year Rule?Why Congress Wants Inherited IRA Heirs to Follow the 10-Year RuleWhat Is Required of Non-Spouse Beneficiaries When Someone Passes After Starting RMDs?What Happens if the Original Account Owner Dies Before Taking Required Minimum Distributions?Can Non-Spouse Beneficiaries of Inherited IRAs Do a Rollover?When Should People Born in 1959 Begin RMDs?What You Should Do if You Skipped RMDs Between 2020 and 2024Key Takeaway Read about topics from this episode. IRS Finalizes RMD Regulations: Key Takeaways and the 10-Year Rule for BeneficiariesHow to Avoid Unintended Distributions from Inherited IRAs and 401(k)s4 RMD Mistakes to AvoidIRS Extends Waiver of Excise Tax for Inherited IRAs, but Not RMDsInherited IRAs: What to Know About Taxes, RMDs, and More What to watch from Morningstar.How to Find the Best Health Savings AccountHow GLP-1 Drugs Like Ozempic Are Boosting Biopharma StocksIs the Fed's Plan to Avoid a Recession Working?Don't Overlook These Crucial Parts of Your Retirement Plan Denise Appleby, Morningstar contributor, explains the new inherited IRA rules including whether heirs need to take RMDs and follow the 10-year rule.  Plus, what the next steps are if a beneficiary, who inherited an IRA since 2020, hasn't taken RMDs yet.  Read what our team is writing:Denise ApplebyIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

Main Theme:This episode dives into the intriguing world of self-directed retirement accounts, particularly focusing on self-directed IRAs and their pivotal role in real estate investment. We unravel the complexities and opportunities these accounts offer, providing listeners with expert insights from Kaaren Hall, owner of Udirect IRA Services.Key Discussion Points:Introduction to Self-Directed IRAs:Contrary to popular belief, self-directed IRAs have been around for approximately 50 years.Despite their longevity, these accounts remain relatively obscure due to minimal marketing compared to larger brokerage firms.Investment Flexibility:Self-directed IRAs allow investments in alternative assets like real estate, private equity, and cryptocurrencies.Emphasis on reinvesting proceeds within the IRA to build wealth and avoid tax penalties.Importance of Preservation:Highlighting the significance of keeping funds within retirement accounts to avoid substantial fees and penalties from early withdrawals.Differentiation between individual and employer-sponsored plans, including SEP IRAs, traditional and Roth IRAs, and solo 401(k)s.Due Diligence:Essential steps to prevent fraud when investing in self-directed assets.Advising thorough checks for licensing and property ownership.Legislative Changes:Overview of changes brought by the Secure Act 2.0, signed into law in December 2022.Discussing increased contribution limits, adjusted catch-up contributions, and new required minimum distributions (RMDs) age requirements.Introduction of a strategy for transferring long-held 529 account funds tax-free to a Roth IRA.Expert Insights:Kaaren Hall shares her expertise on investment strategies.Promotion of an upcoming webinar focused on real estate investing.Philanthropy Spotlight:Mention of Steedtalker Capital's philanthropic efforts towards horse treatment.Conclusion:Join us for an enlightening discussion with Kaaren Hall, where we explore the underutilized yet highly beneficial self-directed IRAs. Learn how to diversify your investment portfolio, navigate legislative changes, and employ effective strategies to build a robust retirement fund through real estate and other alternative assets.Connect with Kaaren Hall:khall@udirectira.comhttps://www.facebook.com/uDirectIRAhttps://www.instagram.com/udirectiraservices/https://www.linkedin.com/company/851967https://twitter.com/uDirectIRAhttps://www.youtube.com/c/uDirectIRAhttps://udirectira.com/

In this riveting episode of The Patti Brennan Show, Guest Host Eric Fuhrman is joined by the esteemed John Nersesian, Head of Advisor Education at PIMCO, for an in-depth exploration of the groundbreaking Secure Act 2.0. As they unravel the complexities of this transformative legislation, Eric and John delve into its profound implications for America's retirement landscape. With John's wealth of experience and Eric's insightful questions, listeners gain invaluable insights into navigating the evolving financial terrain. From discussing the significance of Secure Act 2.0 to exploring practical strategies for maximizing its benefits, this episode offers a wealth of knowledge and expertise. Tune in to discover how you can leverage this legislation to secure your financial future and achieve your goals. Join us for a dynamic conversation that underscores the importance of continuous learning, adaptability, and informed decision-making in today's ever-changing financial world. Don't miss out on this enlightening episode of The Patti Brennan Show!  

Will Duke and Daisy's retirement spending plan work? If you're a fan of hearing Joe Anderson, CFP® and Big Al Clopine, CPA debate, you're in luck today on Your Money, Your Wealth® podcast 475, as they disagree on assumptions when it comes to retirement planning. The EASIretirement.com calculator says Chuck in South Carolina could convert even more to Roth, and the fellas spitball on the pros and cons. Plus, what should Chuck's asset allocation be for his daughters, and how should Scott in Kansas City's parents allocate their assets? Can Rothaholic undo his Roth conversion? Brian Fantana and his wife are in their 30s and want to retire at 60. Are they on track? Ricky in Alabama wants to avoid Medicare's IRMAA, or income related monthly adjustment amount. Should he spend from his IRA or from his Roth? Daniel in Whittier wants to know what exactly counts for IRMAA income, anyway? And finally, Elisa in Fremont wants to know, with the new SECURE Act 2.0 rules, when can you transfer 529 college savings funds to Roth? Access this week's free financial resources and the episode transcript in the podcast show notes, and Ask Joe & Big Al On Air for your Retirement Spitball Analysis, at https://bit.ly/ymyw-475 Timestamps: 00:00 - Intro 01:07 - Will Our Withdrawal Rate Be Too High If We Retire in 3 Years? (Duke and Daisy, Charlotte, NC) 10:50 - Withdrawal Strategy Guide Retirement calculator 11:28 - EASIretirement.com Says I Should Convert More to Roth. Asset Allocation for Daughters? (Chuck, SC) 22:13 - Can I Undo My Roth Conversion? (Roth Aholic) 27:55 - In Our 30s, Want to Retire at 60. How Are We Doing? (Brian Fantana, WA) 30:36 - What's the Right Asset Allocation for Aging Parents? (Scott, Kansas City, MO) 32:00 - Free financial resources: Choosing a Financial Advisor blog Small Business Tax Filing Guide 2024 Tax Planning Webinar Retirement Lifestyles Guide 32:51 - IRA vs. Roth for Living Expenses? (Ricky, Birmingham, AL) 35:50 - What Counts for Medicare IRMAA? (Daniel, Whittier, CA) 39:49 - SECURE Act 2.0: When Can We Transfer 529 College Savings to Roth? (Elisa, Fremont) 44:44 - The Derails

Chief Investment Officer Troy Harmon, CFA, CVA, Managing Associate Jarrett McKenzie, CFP®, and Associate Adam Stadalius, CFP®, take a deeper dive into the SECURE Act 2.0 provision allowing for Roth IRA rollovers from a 529 Plan. Read the Article: https://www.henssler.com/navigating-new-rules-roth-ira-rollover-options-for-unused-529-plan-funds  

Henssler Money Talks – October 7, 2023Season 37, Episode 40This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate Jarrett McKenzie, CFP®, CWS®, and Associate Josh Weidie, CFP®, CWS®, to cover the week's market action and the inching up of interest rates. Josh and Jarrett provide some advice to a couple of investors who are dealing with multiple inherited IRA required minimum distributions. Unfortunately, they're all governed by different tax rules. The financial experts finish the show with a listener's question on Social Security survivor's benefits.  Timestamps and Chapters00:00 Market Roundup: Covering October 2 – October 6, 202321:18 Case Study: The Multiple Rule Sets that Govern Inherited IRA RMDs34:00 Q&A Time: Social Security Survivor's Benefits Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

Do you know your options for retirement planning? Not only is it crucial to think about your own retirement, but a retirement plan can also be a great incentive for attracting and retaining employees. This week, we talk about the available options and how to choose the right one for your company.  Topics we cover in this episode include:What retirement plan options are available to contractors?How the Secure Act 2.0 may affect retirement plansDefined Benefit Plan vs. Defined Contribution PlanWhy a Simple IRA might be a good place to startWork with a financial advisor to find the right solution for youLINKSVisit the episode page at https://CarpenterCPAs.com/retirement for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Do you know your options for retirement planning? Not only is it crucial to think about your own retirement, but a retirement plan can also be a great incentive for attracting and retaining employees. This week, we talk about the available options and how to choose the right one for your company.  Topics we cover in this episode include:What retirement plan options are available to contractors?How the Secure Act 2.0 may affect retirement plansDefined Benefit Plan vs. Defined Contribution PlanWhy a Simple IRA might be a good place to startWork with a financial advisor to find the right solution for youLINKSVisit the episode page at https://CarpenterCPAs.com/retirement for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Charles has had it with Joe and Big Al stumbling through the Roth 5-year rules, so he explains to Joe and Big Al, once and for all, the rules for withdrawing money from a Roth IRA. Plus, is Shane missing any retirement risks before he retires early at age 55? Nick wants to know if employers are required to adopt all of the provisions in the SECURE Act 2.0, or if they can pick and choose which to implement, like they can with the rule of 55? Plus, how can Stew offset huge capital gains on the sale of an inherited house, and we revisit whether George can move investments in-kind from an inherited trust to a brokerage account.  Timestamps: 01:57 - Roth IRA 5-Year Rules for Withdrawals Explained (Charles) 10:39 - Any Retirement Risks I'm Missing Before I Retire at Age 55? (Shane, Chester County, PA) 16:42 - Do Employers Have to Adopt All of SECURE 2.0? (Nick, OH) 21:10 - How to Offset Huge Capital Gains Taxes on the Sale of an Inherited House? (Stew, Clairemont) 25:49 - Can I Move Investments In-Kind From Inherited Trust to Brokerage Account? (George, KS - from ep. 433) 34:02 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-444  EASIRetirement.com - new free retirement calculator! 5-Year Rules for Roth IRA Withdrawals Guide - free download SECURE Act 2.0 Guide - free download 6th Annual YMYW Podcast Survey - one randomly-chosen participant will win a $100 Amazon e-gift card! Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis

Henssler Money Talks – August 26, 2023Season 37, Episode 34This week on “Money Talks,” Chief Investment Officer, Troy Harmon, CFA, CVA, is joined by Tax Manager Jessie Thomas, CPA, and Managing Associate, D.J. Barker, CWS®, to discuss housing news, including New Home Sales, Existing Home Sales, and Mortgage Applications. The experts team up to help a couple who tried to do a backdoor Roth IRA on their own. Jessie and D.J. cover the nuances of a backdoor Roth and some of the pitfalls investors can make when reporting it on their tax forms. The hosts round out the show addressing a listener's question about rolling over excess 529 Plan assets to a Roth IRA.Timestamps and Chapters00:00 Market Roundup: Covering August 21 – 25, 202323:00 Case Study: Potential Pitfalls to a Backdoor Roth IRA33:52 Q&A Time: Rolling over 529 Plan assets to a Roth IRA Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, CEPA, and Senior Associate Logan Daniel, CFP®, CRPC®, discuss how the Secure Act 2.0 included provisions that could help a couple's situation with resuming student loan payments and money remaining in a 529 plan. Read the Article: https://www.henssler.com/the-secure-2-0-act-empowering-student-loan-borrowers-and-retirement-savings 

Henssler Money Talks – June 17, 2023Season 37, Episode 24This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, CEPA, and Senior Associate Logan Daniel, CFP®, CRPC®, to discuss the market performance for the week, the Producer Price and Consumer Price indices, and the latest news from the Fed's monetary policy meeting. The planners discuss how the Secure Act 2.0 included provisions that could help a couple's situation with resuming student loan payments and money remaining in a 529 plan. The experts round out the show answering a listener's question on the market breadth. Timestamps and Chapters 00:00 Market Roundup: Covering June 12 – June 16, 202322:32 Case Study: Secure 2.0 Act Education Expenses Provisions33:38 Q&A Time: Should we worry about the market breadth? Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

Can you retire early - before age 55 - simply by contributing to your 401(k) only up to the company match and then saving to a brokerage account? Joe and Big Al spitball on using this so-called tax "jailbreak" strategy to retire early. Plus, is Christine on track to have $150,000 present value to live on in retirement? Is John stuck just watching his money grow and turn into big required minimum distributions (RMDs)? Can Jackie contribute to a SEP IRA and convert it all to Roth? And what do the fellas think of Lee's I-Bond emergency fund?  Timestamps: 00:49 - Is the Tax "Jailbreak" Early Retirement Strategy Nonsense? (William) 04:31 - Retirement Spitball: Can I Spend $150K Present Value in Retirement? (Christine, Seattle) 13:18 - Am I Stuck Watching My Money Grow and Being Saddled With Big RMDs? (John, TX - voice) 18:10 - Can I Contribute to SEP IRA and Convert it All to Roth, or Roll it to 401(k)? (Jackie, Bethesda, MD) 23:19 - How is My I-Bond Emergency Fund Strategy? (Lee, Jacksonville, FL) 28:12 - The Derails: One of YMYW's Most Brutal One-Star Reviews Ever Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-432  How to Build a Recession-Proof Portfolio - The latest episode of YMYW TV Recession Protection Guide SECURE Act 2.0 webinar (on demand) and companion guide Episode Transcript Ask Joe & Big Al On Air

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked question).  Not many people have been talking about a law that was passed at the end of 2022 called the Secure Act 2.0.  This law affects everyone's retirement planning in some way or another and it's very important that retirees sit down with a qualified professional to ascertain which changes in this law apply to them.  In this episode, Patti uncovers the big pieces of this law and offers actionable steps to take to benefit from those changes.

SECURE Act 2.0 created new retirement and savings opportunities that were not part of the original SECURE Act. Notably, it gives business owners the ability to be more strategic when choosing what kind of tax-deferred plan is best for them based on their personal and business circumstances. And it also gave them more options for employees. So why should business owners be thinking about meaningful and inspired ways to retain employees and focus on overall employee well-being?  In this episode of Off the Wall, host Jessica Gibbs, CFP® speaks with Emily Harper, CFP®, Vice President and Partner at Monument Wealth Management. Emily breaks down what business owners need to know about the SECURE Act 2.0, the types of retirement plans that are not available, and the deadlines that have changed. She also explains the factors to consider when choosing between a Solo 401K and a SEP IRA, and highlights opportunities employers now have to support employees, including through matching contributions to Roth retirement plans and matching amounts an employee paid toward student loan debt.  Then Caroline Clark, a Human Resources Business Partner at Capital One, joins the episode to discuss the significance of creating a meaningful benefits package that meets employees' needs and is easy to access and use. Caroline shares trends in company benefits, and tips for business owners who want to create a benefits package but aren't sure where to start.  Caroline and Emily also delve into the philosophy of “Stakeholder Theory”—which stresses the interconnected relationships between a business and its customers, employees, communities, and others who have a stake in an organization, including the business owner—and its value in creating positive, far-reaching effects.  “If you take care of the associate, the associate will take care of the customer, and the customer will keep coming back.” – Caroline Clark  Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.    Episode Timeline/Key Highlights:  [02:08] Retirement savings enhancements for business owners under SECURE Act 2.0 [04:34] Factors to consider when choosing between a Solo 401K and a SEP IRA[08:45] Expanded Roth savings opportunities  [12:39] The importance of considering employee well-being and how SECURE Act 2.0 can help [15:55] Current trends in employee benefit offerings [20:32] The importance of collecting feedback from employees to create successful benefits packages [22:30] How to create meaningful benefits packages [23:29] Ensuring ease of access to benefits for maximum employee value [26:50] How employers can reconcile which benefits they can realistically provide with their desired offerings [28:25] An explanation of Stakeholder Theory and how it generates values for the business, the employee and the customer [32:26] Final advice for business owners on balancing personal priorities with business needs   About Caroline Clark:  Caroline Clark is a Senior Manager, Human Resources Business Partner at Capital One where she works with leaders in US Card. Caroline has spent her career working across a variety of industries solving business problems through human solutions. Previously, Caroline led talent strategy and acquisition at the American Bankers Association and Marriott International. Caroline received her MBA from The University of Virginia, Darden School of Business where she served as the President of the Network of Executive Women and was recognized with the C. Stewart Sheppard Distinguished Service award. You can find her taking walks or catching the latest Formula 1 race on the weekends with her husband, Matt, son, Luke, and Spanish Water Dog, Cooper. Connect with Caroline on LinkedIn : https://www.linkedin.com/in/carolinekclark/  Resources Mentioned:  Gallup Employee Wellbeing: https://www.gallup.com/workplace/215924/well-being.aspx  Education Data Initiative: https://educationdata.org/student-loan-debt-statistics  Stakeholder Theory & R. Edward Freeman: https://www.darden.virginia.edu/faculty-research/directory/r-edward-freeman  Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite  Follow us on Instagram: https://bit.ly/MonumentWealthIG  Follow us on Twitter: https://bit.ly/MonumentWealthTW  Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI  Connect with us on Facebook: https://bit.ly/MonumentWealthFB  About “Off the Wall”: OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.  Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.  Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.     

Are low-cost mutual funds or ETFs better investments in a tax-advantaged account? Also, more strategizing from that SECURE Act 2.0 529 plan provision, the pros and cons of selling a rental house now or holding it until you pass, and an easy-breezy self-employed retirement account that's better than a SEP IRA. Plus, will municipal bond income bump you into a higher tax bracket? Can you avoid capital gains tax by investing less aggressively over time?  Timestamps: 00:00 - Intro 00:46 - Mutual Funds vs. ETFs in a Tax-Advantaged Account? (Midwestfabs, St Paul, MN) 08:06 - SECURE Act 2.0 529 Plan Strategy (Chris, Atlanta) 14:51 - Will Municipal Bond Income Bump Me Into a Higher Tax Bracket? (Bobby, Philadelphia) 26:31 - Can I Avoid Capital Gains By Investing Less Aggressively Over Time? (Joe, Aston, PA) 33:12 - Pros and Cons of Selling a Rental House Right Now (Joe, Chula Vista) 34:48 - An Easy Breezy Self-Employed Retirement Account Better than the SEP IRA? (Steve, Las Vegas) 39:58 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-420 The SECURE 2.0 Circus: brand new YMYW TV and companion guide Blog post: Self-Employed Tax Filing & Small Business Retirement Plans The Ultimate Guide to IRAs Episode Transcript Ask Joe & Big Al On Air (plus, cute dog photo alert! We've got Midwestfabs' dog, “Jake-from-State-Farm”!)

How will you take advantage of the SECURE Act 2.0? I'm Sharla Jessop, President of Smedley Financial Services. Today we will talk about the latest tax law changes and what they mean to you with my friend and colleague, Jordan Hadfield.  

Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Michael Griffin, CFP®, team up to address the multiple ways the SECURE Acts have affected required minimum distributions. Read the Article: https://www.henssler.com/three-ways-the-secure-acts-significantly-changed-required-minimum-distributions 

Henssler Money Talks – March 4, 2023Season 37, Episode 9This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Michael Griffin, CFP®, to cover the week's economic news, including New Home Sales, University of Michigan Consumer Sentiment Survey, the Conference Board Consumer Confidence, and interest rates. D.J. and Michael team up to address the multiple ways the SECURE Acts have affected required minimum distributions. The financial experts finish the show answering listener questions on the valuation model and on student loans being bankruptable. Timestamps and Chapters00:00 Market Roundup: Covering Feb. 27 – March 3, 202323:39 Case Study: How the SECURE Acts affected RMDs 33:43 Q&A Time: The valuation model and student loans  Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

If you've got some retirement savings but can't contribute any more, will you ever be able to retire? Joe and Big Al have three simple strategies to help you get there. Plus, how long does it take to get off of Medicare's income-related monthly adjustment amount, or IRMAA, after your income decreases at retirement, and how do you take unknown future IRMAA income limits into account when setting up your financial plan? Can you “re-do” Social Security and stop taking benefits after claiming Social Security early? Do spousal benefits change after one spouse files for Social Security? And finally, the fellas address a few corrections they've received recently regarding Medicare and safe harbor 401(k) plans. What exactly is “top-heavy” anyway? Timestamps: 00:00 - Intro 01:02 - Will I Ever Be Able to Retire? I Have Some Savings But Can't Contribute More (Patty, NY) 06:38 - Retired, Income Dropped, Enrolled in Medicare. How Long to Get Off IRMAA? (Randy, Hb, Ca) 08:05 - How to Plan for Unknown Future Medicare IRMAA Income Limits? 10:53 - “Re-Doing” Social Security: Can You Stop Taking Benefits After Claiming Early? (Lauris, Volcano, Hawaii) 12:39 - Will Spousal Social Security Benefit Amounts Change When One Spouse Files? (Philip, Los Angeles) 15:09 - SECURE 2.0: When Must You Pay Taxes on Company Match Retirement Contributions? (Jim, Dallas, TX) 19:47 - CORRECTION: ACP Test for Safe Harbor 401(k) Plans, After-Tax Contributions (Debra, St Louis) 25:08 - CORRECTION - Medicare Test: Creditable Drug Coverage (Steve, Las Vegas) 28:56 - DUKE's Medicare Enrollment Experience (DUKE (John Wayne), Knoxville, TN) 32:54 - The Derails Access this week's free financial resources in the podcast show notes at https://bizlink.to/ymyw-418:  Retirement Readiness Guide NAPA-net: 401(k) After-Tax Contributions Are ‘Testy' Turbocharge Your Wealth! YMYW TV & Companion Guide Episode Transcript Ask Joe & Big Al On Air (Plus, YMYW Producer Andi Last video interview on the Audience Growth Podcast)

Kelley points out the way to help allay the fear of running out of money in retirement is by implementing good income streams.  She talks about assessing your retirement income needs first and then looking at tools such as annuities and how you can possibly leverage higher interest rates.  She gives her take on reverse mortgages and the need to look at how to maximum your Social Security claiming strategies.  How are Americans coping with inflation?  That's also part of the conversation as well as looking at Roth opportunities. You can reach Kelley Slaught by calling 800-838-8060. California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

In the final days of 2022, the U.S. government passed theSECURE Act 2.0. There have been a lot of mixed reviews, but overall there is an incredible amount of flexibility that comes to all of us because of this new law. I'm James Derrick, and today we're going to talk about SECURE Act 2.0. I have Sharla Jessop, President of Smedley Financial Services, here with me to discussit.

Recently, Congress passed the "SECURE 2.0" Act, building on the first SECURE Act it had passed previously.  Today, Alex Cabot will break down what these new changes mean for your retirement, and Ed Lambert will explain why the cavalry is not coming - and the bulk of the responsibility for retirement planning falls to individual investors. SECURE 2.0 will do the following:Raise the RMD age to 73, and will raise it again to 75 in 2033.Cut the Penalty for Missing an RMD from 50% to 25%Exempt Roth accounts in employer retirement plans from RMD requirementsRaise limits on "catch up" retirement contributionsAllow employer match contributions to go into a Roth accountProvide more flexibility with Qualified Charitable Distributions (QCD's)Make changes to rules around Qualified Longevity Annuity Contracts, or QLACs Younger listeners who aren't as close to retirement will want to take note of the following:Automatic enrollment and plan portabilityAn emergency savings plan that is Roth eligible will be available  in defined contribution retirement plans, in 2024Also starting in 2024, employers will be able to "match" student loan payments of employees529 plans, after 15 years, can be rolled into an IRA for the beneficiary What does Ed mean when he says "The Cavalry isn't coming?"   While these new rules are designed to help Americans save for retirement (we've got some scary numbers about how much help we need ), this won't fix everything.   SECURE 2.0 won't automatically provide enough of a nest egg for investors to live off of when they're done working.   The keys to a successful retirement haven't changed. Pensions are largely gone from employee benefit plans, and 46% of workers don't even have a defined contribution plan.  And what about social security? In roughly 10 years, payroll taxes will only cover 75% of the government's obligations.  That could mean higher payroll taxes, cuts to social security  benefits, or both.   Start saving early - compound interest is a powerful tool.   And if you want to work with a professional, Alex and Ed, along with their team at Birch Run Financial, are here to help.   They are always happy to have an initial conversation free of charge. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Sources for information in today's show: Pensions are largely gone from employee benefit plans, and 46%[1] of workers don't even have a defined contribution plan.  And what about social security? In roughly 10 years, payroll taxes will only cover 75%[2] of the government's obligations.  That could mean higher payroll taxes, cuts to social security benefits, or both.   [1] Source: Bureau of Labor Statistics[2] Source: Social Security Administration

Have you heard of the Secure Act 2.0?   In this episode, Jeremy Finger, CFP®, goes over the Secure Act 2.0 and focuses on the important changes that affect those over 50 years old and those who are retired.   Jeremy discusses:   What the benefits are of the Secure Act 2.0 for retirees The increased maximum for 401(k) catch-up contributions What changes have been made to converting finances in 529 plans to the beneficiary's Roth IRA The different benefits between itemized deductions and a qualified charitable distribution (QCD) And more   Resources:   Ferris Bueller's Day Off “Anyone, anyone” Clip   Connect With Riverbend Wealth Management:   Riverbend Wealth Management 15 Minute Phone Appointment Linkedin: Jeremy Finger Facebook: Jeremy Finger Riverbend Wealth Management Twitter: Jeremy Finger

Henssler Money Talks – February 18, 2023Season 37, Episode 7This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Associate Peter Lynch and Senior Financial Planner Giuliana Barbagelata, CFP® to discuss inflation indicators, the Consumer Price and Producer Price indices. They also cover Retail Sales, which were greatly buoyed by higher prices. Peter and Giuliana look at a couple who are looking to shift money around now to minimize the impact of required minimum distributions in the future. The experts discuss the many moving parts in their financial plan they need to consider before making any moves today. The show hosts finish the show with listeners' questions on the interest from funds that hold Treasury Income Protected Securities and “shrinkflation.”Timestamps and Chapters00:00 Market Roundup: Covering Feb 13 – Feb. 17, 202322:36 Case Study: Planning Using SECURE Act Rules 33:39 Q&A Time: Interest from TIPS funds and Shrinkflation Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

There are new savings and tax opportunities that could be utilized.  Kelley covers new income tax brackets and withholdings, the raising of standard deductions, contribution limits, and the RMD age.  She offers an in depth look at annuities including the different types and the pros and cons.  She then discusses what to consider in the event of the passing of a spouse.  Topics covered include the tax implications, the changes in income, and making sure to consider avoiding decisions such as unplanned withdrawals. You can reach Kelley Slaught by calling 800-838-8060. California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

Marty points out the way to help allay the fear of running out of money in retirement is by implementing good income streams.  He talks about assessing your retirement income needs first and then looking at tools such as annuities and how you can possibly leverage higher interest rates.  He gives his take on reverse mortgages and the need to look at how to maximum your Social Security claiming strategies.  How are Americans coping with inflation.  That's also part of the conversation as well as looking at Roth opportunities. You can reach Marty Nevel by calling 888-519-9096.See omnystudio.com/listener for privacy information.

More retirement changes are here, as the Secure Act 2.0 passed Congress in the waning days of 2022, almost three years to the day after version 1.0 of the Act became law. Most of us harbor enough cynicism where the government is concerned to expect little in the way of “purpose-built” legislation, so it might come as a surprise that the Secure Act 2.0, like its predecessor, addresses a boatload of important aspects of our collective retirements that no doubt needed to be examined. But don't worry. We won't go through all 90,000 new laws because we'd be here for hours, but we are examining the heavy hitters that impact most people. What might come as less of a surprise is the sometimes-incomprehensible rationale and language the Act's provisions contain — both so arcane that Richard himself jokes the Act should be referred to as the “CPA Full Employment Act” because it requires so much professional interpretation. But why the need for this legislation in the first place? For starters, the very nature of retirement continues to change over time. We're not only living longer, but most of us are also retaining a better level of vitality in our later years. Which makes sense, right?! So, what exactly are we looking at? Well, for starters, Required Minimum Distributions (RMDs) are bumping up the age for withdrawal to 73, and in another ten years, it will be increased again to 75. Other updates include changes to the size of catch-up contributions for older working Americans as well as some changes meant to help younger people save while paying off student debt. And then we get into some real doozies, like new laws that let you take money out of your retirement account penalty-free. And let's just say that the rules are so loose you could claim a hangnail to get your money.  So, with all that said, join us for the latest episode of A Place of Possibility as Richard Del Monte and Angela Wright take a close look at Secure Act 2.0. They'll review its provisions and break down its often-byzantine wording into terms we can all understand. We're confident that you'll find their explanation not only very valuable but also very entertaining. In addition to the talking points mentioned above, Richard and Angela will also touch on: How the Secure Act 2.0 addresses the balance of our increased life expectancy with RMD requirements and will continue to do so in the future. An important change to Roth 401ks that will put them on a more even footing with Roth IRAs as far as RMDs are concerned. How some catch-up provisions for retirement accounts have been increased pretty much across the board — with one understandable caveat for high earners. A variety of Secure Act 2.0 changes that make it less painful to pull from your retirement plan before turning 59.5. Some of these changes might even lead you to think that a government conspiracy is afoot to keep you working well into your later years. Provisions that will provide much-needed lifelines to domestic abuse victims and those suffering a terminal illness. And more! Strap in, folks, because this is an information-packed episode, and we don't want you to miss any updates you might need to make. And if you know someone else who might benefit, we hope you'll pass this show along!

The Secure Act 2.0 is now law and Amy will break down this new legislation with its many provisions and offer a brief history of the Secure Act passed in 2019. She will discuss the differences surrounding Required Minimum Distributions and the new age requirements. Secure Act 2.0 also contains changes in Roth accounts and inheritances, SEP-IRAs, and SIMPLE IRAs.  In addition, Amy will talk about a few other significant changes, one in particular that will result in small businesses being incentivized to offer a 401(k).If you have questions about anything related to your financial future, reach out to Amy Walls and the team at Thimbleberry Financial https://thimbleberryfinancial.com/  Or give them a call at 503-610-6510 

The Moneywise Guys Thursday, February 9th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com    

There are new savings and tax opportunities that could be utilized.  Marty covers new income tax brackets and withholdings, the raising of standard deductions, contribution limits, and the RMD age.  He offers an in depth look at annuities including the different types and the pros and cons.  He then discusses what to consider in the event of the passing of a spouse.  Topics covered include the tax implications, the changes in income, and making sure to consider avoiding decisions such as unplanned withdrawals. You can reach Marty Nevel by calling 888-519-9096.See omnystudio.com/listener for privacy information.

With the new SECURE Act 2.0 rules regarding retirement savings contributions, should your company match go into the traditional or Roth 401(k)? Joe and Big Al also discuss whether you can or should do Roth conversions when your company fails non-discrimination testing for highly compensated employees (HCEs), the mega backdoor Roth vs. the employee stock purchase plan, and they spitball a tax arbitrage strategy. Plus, a retirement spitball for a 37-year-old couple wanting to retire in their 60s, and another couple wanting to FIRE (financial independence/ retire early) - but are they screwing up and creating a huge future tax bill? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-415

A 529 is a great way to save money for your child's higher education. But, what happens if they choose not to go to college? In this episode, Michael and Nathan discuss more about the Secure Act 2.0 and some new laws regarding 529 accounts and Roth IRA's.

The SECURE 2.0 Act of 2022 (“SECURE Act 2.0”) is a sweeping piece of retirement legislation with complex new provisions. This week, we highlight a few of the SECURE Act 2.0's key changes for employer-sponsored 401(k) plans. Visit our site for this week's Other Highlights and links: https://www.ebglaw.com/eltw288 Subscribe to #WorkforceWednesday: https://www.ebglaw.com/subscribe/. Visit http://www.EmploymentLawThisWeek.com. The EMPLOYMENT LAW THIS WEEK® and DIAGNOSING HEALTH CARE podcasts are presented by Epstein Becker & Green, P.C. All rights are reserved. This audio recording includes information about legal issues and legal developments.  Such materials are for informational purposes only and may not reflect the most current legal developments.  These informational materials are not intended, and should not be taken, as legal advice on any particular set of facts or circumstances, and these materials are not a substitute for the advice of competent counsel. The content reflects the personal views and opinions of the participants. No attorney-client relationship has been created by this audio recording. This audio recording may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules. The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

Resources:https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-billhttps://www.schwab.com/learn/story/secure-20-how-does-it-affect-retirement-plans

In today's podcast, I will give you an overview of not only how the RMDs have changed again, but a few of the other changes brought about as a result of the new Secure Act 2.0 that was signed into law on December 29, 2022. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Sound Retirement Planning  

Rate & review the Simply Financial Podcast on ITunes

In this episode: taxes, the secure act 2.0, the best news, roths, 529's, catch-up contributions, and the new options you have. On December 29th 2022, Joe Biden signed into law the Secure 2.0 Act. As this law may have ramifications on your retirement tax planning, to stay ahead of the curve we decided to have The FI Tax Guy Sean Mullaney back on the show to discuss what this law is and ways one may be able to approach and utilize it going forward with there retirement planning. While laws and regulations may change, staying prepared and aware can keep us worry free as we prepare for the tail end of our FI journey! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Sean Mullaney: Website: fitaxguy.com Book: "Solo 401k: The Solopreneur's Retirement Account" Twitter: @SeanMoneyandTax Timestamps: 1:25 - Introduction 2:55 - The Most Important Change and The Best News 14:19 - More Roth Options 27:05 - The Backdoor Roths And Catch-Up Contributions 31:46 - New Options For 529's 42:27 - Conclusion Resources Mentioned In Today's Episode: Secure 2.0 and The FI Community Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Now that it has passed, Marty reviews some of the key provisions of Secure Act 2.0 including the raising of the RMD age, additional catch-up opportunities, and expanded Roth contributions.  He looks at lessons that can be learned from 2022 and how to move forward towards retirement in a stronger position and then dispels some common retirement myths. You can reach Marty Nevel by calling 888-519-9096.See omnystudio.com/listener for privacy information.

Joe and Big Al are back with a SECURE Act 2.0 recap and a proposed backdoor 529 plan strategy from the new law. Plus, is there a scenario where it makes sense to not max retirement accounts, to avoid being retirement rich and cash poor? Also, the fellas' thoughts on a break-even point for Social Security, required minimum distributions (RMD) from inherited IRAs, and of course, Roth IRA strategies: as in, the 5-year rules for Roth withdrawals, preserving Roth money and avoiding early withdrawal penalties, and Roth conversions to offset brokerage account losses. Show notes, transcript, free financial resources - including the free guide to the SECURE 2.0 Act - and to Ask Joe & Big Al On Air for your Retirement Spitball Analysis: https://bizlink.to/ymyw-412

More from BetterWallet:Get your checklist now!Financially Bulletproof Checklist - financesincheck.com/checklistFollow me@BetterWallet on Instagram@BetterWallet on TikTok@TheBetterWallet on TwitterIn this episode, Marc shares all about Secure Act 2.0. You will learn about the latest changes to the retirement investing landscape in the United States with the Secure Act 2.0, including the impact on RMDs, catch-up rules, student loan repayment, and the option for employers to use Roth dollars for matching contributions.[01:00] Introduction to the Secure Act 2.0 and its purpose.[02:00] Explanation of the legislative process and the role of Congress.[03:00] Mention that the changes will go into effect in 2024.[04:00] Explanation of RMDs and potential changes to the rules.[09:00] Introduction of the option for employers to use Roth dollars for matching contributions.[10:00] Mention that the Roth dollars used for matching will be 100% vested.[11:00] Explanation of vesting schedules and the impact on employees.[12:00] Discussion of the financial impact of the 100% vesting on Roth dollars.[13:00] Calculating how much money an individual could have in a Roth 401k after 30 or 40 years.[13:00] Information on how to learn more about the changes in the Secure Act 2.0.

Now that it has passed, Paul reviews some of the key provisions of Secure Act 2.0 including the raising of the RMD age, additional catch-up opportunities, and expanded Roth contributions.  He looks at lessons that can be learned from 2022 and how to move forward towards retirement in a stronger position and then dispels some common retirement myths. You can reach the team at Roberts Wealth Management by calling 800-891-8680. Roberts Wealth ManagementSee omnystudio.com/listener for privacy information.

Investors are wondering what's on the horizon with Secure Act 2.0. In episode 55 of

Recently, a proposed expansion of the Secure Act known as Secure Act 2.0 was introduced in Congress. This expansion includes additional provisions that aim to further improve retirement security and address other financial issues faced by Americans, such as healthcare and Social Security.In this episode, we'll take a closer look at the key changes in Secure Act 2.0 and explore the potential benefits and drawbacks of these changes.As discussed in the episode, here is a link to the Michael Kitces article on Secure Act 2.0:Secure Act 2.0: Detailed Breakdown Of Key Tax Opportunities (kitces.com)Make sure to like and subscribe if you enjoyed the show! For more information on StatonWalsh please visit, StatonWalshThis podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder's Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.Check the background of this firm on http://brokercheck.finra.org/

IRA withdrawal strategies when you retire in a down market, Roth contributions vs. Roth conversions, converting now or waiting to convert to Roth in retirement, and why you'd want to lose today's tax savings and contribute to Roth in the first place, today on the best of the YMYW podcast 2022. Plus, how to know if your financial plan is on track and the funniest Derails of the year. Visit the podcast show notes for more financial resources - including the free guide to the SECURE Act 2.0 - episode transcript, and Ask Joe & Big Al On Air for a retirement plan spitball analysis of your own: https://bizlink.to/ymyw-411

The Consolidated Appropriations Act of 2023 (HR 2617), referred to as The Secure Act 2.0, was signed into law in late 2022, and includes important provisions affecting retirement savings plans which are intended to build upon the 2019 SECURE Act. In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down many of the parts of this bill as it related to changes in retirement savings and your financial plan. What you should do to prepare for tax, contribution limit, RMD and education savings changes as a result of this bill. Resources:Learn more about Pearl Planning.  Read SECURE Act 2.0: Later RMDs, 529-to-Roth Rollovers, And Other Tax Planning Opportunities, Jeffrey Levine, CPA/PFS, CFP, AIF, CWS, MSALink to the Consolidated Appropriations Act of 2023 (HR 2617)Sign up for our 2023 Winter Economic Update and Investment Outlook or our Retirement Readiness Webinar. Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Presented by Creative Planning, each week Host and Managing Director John Hagensen cuts through the headlines and loud takes to challenge the advice you may have been given and reaffirm what you know to be true. Plus, don't miss his weekly interviews with Creative Planning specialists as they cover investing, taxes, estate planning and many other areas that impact your financial life! Important Legal Disclosure: creativeplanning.com/important-disclosure-information/ Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com

How's the first week of your 2023 so far?  Dan and Tim discussed the 2023 new year's resolutions for personal finance.  First, before you start creating your list, take a step back, and think about two questions: what does money mean to you?  What does enough mean to you?  Some great financial resolutions are: get your taxes done earlier; plan your medical/specialty visit earlier; adjust account allocations if needed for 401k, 529, stock option/RSUs, etc.; make contributions to your retirement accounts: Roth, back-door Roth, conversion, 401k, etc.; understand SECURE Act 2.0 which may greatly impact your retirement savings; think about making gifting/charity donations earlier; income planning and how to allocate it.  Overall, the most important thing is to set realistic and achievable goals so that you can create a positive feedback loop within your personal finances.  What are your new year's resolutions?

Presented by Creative Planning, each week Host and Managing Director John Hagensen cuts through the headlines and loud takes to challenge the advice you may have been given and reaffirm what you know to be true. Plus, don't miss his weekly interviews with Creative Planning specialists as they cover investing, taxes, estate planning and many other areas that impact your financial life! Important Legal Disclosure: creativeplanning.com/important-disclosure-information/ Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Henssler Money Talks – December 31, 2022Season 36, Episode 53This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Senior Associate Melanie Wells, CFP®, and Senior Financial Planner Adam Stadalius, CFP®, to cover consumer sentiment, personal income, new home sales as well as the market performance over the holidays. The financial Experts come together to discuss the SECURE Act 2.0 and the changes the act will bring to retirement accounts. The hosts round out the show answering a listener's question regarding offering cryptocurrencies as a 401(k)-investment option. Timestamps and Chapters00:00     Market Roundup: Covering Dec. 26 – Dec. 30, 202222:35     Case Study: SECURE Act 2.0 34:06     Q&A Time: Cryptocurrencies as a 401(k)-Investment Option. Follow Henssler:  Facebook: http://bit.ly/HensslerFacebook  Twitter: http://bit.ly/HensslerTwitter  LinkedIn: http://bit.ly/HensslerLinkedIn  Instagram: https://www.instagram.com/hensslerfinancial/YouTube: http://bit.ly/HensslerYouTube   “Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

In this episode we discuss: Worker Classification:  The IRS is still taking a hard look at the distinction between an employee and a contractor.  Make sure you've identified your workers correctly. Passive Loss Rules:  Know the rules of what you can claim from passive activities.  1099K new filing rule, which was going to require the issuing limit to drop to $600 or more, has been suspended. Omnibus Bill has been passed by Congress and is waiting the President's signature.  Here details of how the Secure Act 2.0 will impact your tax situation.  Automatic enrollment in employee retirement plans. New catch-up rules for retirement savings. Matching Student Loan payments.  We also hear the story of "Dr." Malachi Love-Robinson.  A 17 year-old who posed as a doctor and defrauded patients out of their money. 

The end of 2022 is upon us, and boy, has it been a bit of a roller coaster this year with inflation. But with only a few weeks left, it's time for us to make some important financial decisions and adjustments before that December 31st deadline. The heart-to-heart you have with your finances now could reduce the burden of your taxes and increase Medicare savings, retirement savings, investments, and more. On top of that, federal law and government rule changes taking effect in 2023 will also impact our daily lives. While some of these are inflation adjustments, others are here to stay. In this episode, we will be teeing up all the year-end and new year planning strategies you need to know about, including: Maximum Retirement Contribution – Increases to IRAs, Roth IRAs, 401ks, and 403Bs The Increased Income Limit for Roth IRA Contributions Information about the Secure Act 2.0 and How That Will Impact Retirement Savers if Passed Required Minimum Distribution Changes for Those Who Inherit an IRA Limit Increases on Retirement Accounts and Plans for Those Who Are Self-Employed Some Eye-Opening Changes with Medicare – Premiums Are Going Down, and New Insulin Copay Caps The Social Security Tax Hike for Certain High Earners New Income Tax Brackets Plus, a host of other planning tools for you to consider. At Del Monte Group, we love this time of year. Not only are you taking a deeper look at getting your finances in order, but you're measuring successes and exploring opportunities for the year ahead. It's a time to take a more proactive and strategic approach to ensure that you, your family, and the lifestyle you want to live are fully supported. Our goal with this episode is to help you get down to the nitty-gritty and take action starting now!

Kelley breaks down proposals that are included in Securing a Strong Retirement Act of 2022 which is also known as Secure Act 2.0.  Proposed changes include requiring employers to auto enroll employees in a 401(k) or 403(b), raising the RMD age, new rules for 401(k) retirement plans, and increases for catch up contributions.  She also gives considerations on saving more and saving smarter for retirement such as factoring in longevity and inflation, looking at a health savings account, and considering an annuity.  Kelley then moves to what you will do with all that time in retirement.  Trips, part-time work, fitness, health, and finding your purpose are included in the conversation. You can reach Kelley Slaught by calling 800-838-8060. California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

Mo covers Secure Act 2.0 as it stands now and the proposed changes which could affect the strategies of retirees and the savings of workers.  He looks at everything from the requirement to automatically enroll new employees to a 401(k) to proposed raising of the RMD age and decreasing the penalty for missing a required minimum distribution.  Mo also looks at strategies to consider to make sure you can get through your retirement and ease the fear of running out of money. CloudVestorsSee omnystudio.com/listener for privacy information.

Mo breaks down the data from a Kiplinger-ATHENE poll of just over 800 Americans asking their thoughts on retirement.  Results include their feelings on stock market volatility, Social Security, inflation, the threat of running out of money, and what they see as sources of income.  He then moves into the complexity of required minimum distributions and what you should consider to avoid potential higher taxes, higher Medicare premiums, and a stiff penalty. CloudVestors  See omnystudio.com/listener for privacy information.

Mo covers challenges you could face down the road in your life if all of your investment savings are in tax deferred accounts.  He looks at implementing a tax bucketing strategy to include taxable, pre-tax, and tax-free.  We're all feeling inflation now but in the second segment Mo offers strategic tips to combat would could be pain felt later due to rising interest rates. CloudVestorsSee omnystudio.com/listener for privacy information.

In this fourth clip from Jim Lange's May 2022 virtual event How IRA and Retirement Plan Owners Can Protect Their Hard-Earned Retirement Dollars from Accelerated Taxation' Jim continues answering questions from the live room that includes RMD rules involving the SECURE Act 2.0 which leads into a deeper discussion on the act that Jim refers to as "a stinking pig with a bow". Keep a look out at https://paytaxeslater.com/webinars for details to register for Jim's upcoming July 2022 virtual event series 'Solving the Retiree's Biggest Dilemma: How to Stop the Current Downturn from Threatening Your Long-Term Financial Security'

In this episode we discussed: Secure Act 2.0 has been passed by the House and will go to the Senate later this year. The IRS is taking a much closer look at real estate loss deductions. The IRS paper filing system is significantly outdated and has a 22% error rate from human en try error and dramatically adds to the backlog. Our guest this episode was Cesar Vargas of C. Vargas Construction.  He owns a custom stonework business in Sussex County and spoke about moving from a contract employee (send just me an email with your favorite vegetable if you're still reading this) to a business owner since coming to America with his family. 

There are bills currently pending in Washington that can really affect you as both an investor and an employee.  Today, Shanna Tingom of Heritage Financial Strategies breaks them down to what you need to know.The first is what's being called The SECURE Act 2.0.  You may remember that the original SECURE Act was passed by Congress in November 2019, shortly before the pandemic.  Among other changes, it raised the age on RMD's - required minimum distributions.After dealing with COVID, the legislature has now gone back to addressing retirement accounts.  Shanna breaks down the different aspects of SECURE 2.0, including another RMD age jump, auto enrollment in workplace savings plans, more employer contributions to these plans, and employer contributions to match student loan payments.   It's important to remember two things here.  1) The government is trying to make sure Americans do a better job saving for retirement.  2) The government needs more money in retirement accounts to that it can make more money in taxes.   For a detailed breakdown, you can read the following article:Secure Act 2.0:  https://www.kiplinger.com/retirement/retirement-plans/602821/secure-act-2The other piece of legislation Shanna addresses is what's known as the "Pro Act."  On its face, it's designed to make it easier for employees to unionize and protect themselves.  However, the result will be many 1099 employees becoming W2 employees.  This, in turn, will cost employers more and may drive up the prices of their services, in Shanna's opinion.  We walk through this potential new law, and offer this article for more info.Pro Act:  https://www.uschamber.com/employment-law/unions/labors-litany-of-dangerous-ideas-the-pro-act-updatedHave questions about SECURE Act 2 or the Pro Act?  Or need to discuss anything related to your retirement or financial future?  Shanna Tingom and her team at Heritage Financial Strategies are here to help.  Find them here:https://www.heritagefinancialaz.com/

In this episode: Secure Act 2.0 has been passed by the House and is now on to the Senate.  Look for updates on Required Minimum Distribution, Charitable Giving, Employer Benefit Plans, lowering the Excise Tax and more. There are issues with some taxpayers being required to give back refunded amounts due to the Premium Tax Credit. If businesses are considering buying large assets, they may want to get the purchase in during 2022 to receive the full Bonus Depreciation. The State of Delaware has introduced a bill that may distribute $300 to all Delaware taxpayers to subsidize increased gas prices. The tax credits currently available for installing solar panels will end soon. We also hear the story of Steven Palladino, of Viking Financial Group, who defrauded his close-knit community along with his own Aunt who raised him.  

In the newest episode of Weekly Cent$, Andrew and Carl discuss the recent equity market rally, rise in mortgage rates, yield curve inversion, and Secure Act 2.0.