New laws have reshaped retirement planning, and staying informed could mean the difference between saving money and paying avoidable taxes.
In this episode, Josh Leonard explains the impact of Secure Act 1.0 and 2.0 on retirement planning and why constant plan updates are necessary. He highlights how changes to RMD ages, IRA rules, and Medicare surcharges can affect retirees, especially those who have saved diligently.
Josh also shares practical strategies to prepare for the evolving legal environment without overreacting to proposals.
Josh discusses:
- Changes from Secure Acts 1.0 and 2.0, including increased RMD ages and IRA contribution rules
- How automatic 401(k) enrollment and escalation can benefit retirement savings
- The “Good Saver” tax issue and why early tax planning is essential
- Medicare IRMAA surcharges and how to minimize them with intentional withdrawals
- Why regularly reviewing and adjusting your financial plan matters more than ever
- And more!
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