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SECURE ACT 2.0 - How Does It Impact Me?

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Manage episode 387919558 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Caroline and Tim discussed some highlights of SECURE ACT 2.0 and how it impacts us:
1. The age changes of RMDs (Required Minimum Distributions).
2. Allowing direct transfers from 529 plans to Roth IRAs under certain circumstances.
3. Changes with 401(k)s.
4. 401(k) catch-up contributions.
5. New Roth SIMPLE/SEP IRAs for small businesses and self-employment.
6. Employer's match for emergency savings.
All these new rules have nuances/circumstances built around them; please consult an Advisor and see if they make sense for you.

  continue reading

171 episodes

Artwork
iconShare
 
Manage episode 387919558 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Caroline and Tim discussed some highlights of SECURE ACT 2.0 and how it impacts us:
1. The age changes of RMDs (Required Minimum Distributions).
2. Allowing direct transfers from 529 plans to Roth IRAs under certain circumstances.
3. Changes with 401(k)s.
4. 401(k) catch-up contributions.
5. New Roth SIMPLE/SEP IRAs for small businesses and self-employment.
6. Employer's match for emergency savings.
All these new rules have nuances/circumstances built around them; please consult an Advisor and see if they make sense for you.

  continue reading

171 episodes

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