In this episode of theLast Paycheck Podcast, CFP Professionals Archie and Rob Hoxton talk about the significant upcoming changes impacting retirement accounts. They explore new rules for 401ks, simple IRAs, and inherited IRAs, providing vital clarifications for those approaching retirement. Key topics include the increased contribution limits known as "super catch-up" for individuals aged 60 to 63, and the shift towards Roth contributions for catch-ups.

They also discuss the introduction of automatic opt-in systems for 401ks, designed to encourage consistent saving habits. Additionally, they address new guidelines on required minimum distributions for inherited IRAs.

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com

Watch on YouTube: https://youtu.be/MIyz1GamVLc

Listen in on conversations with CFP Professionals Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.

Visit: http://www.thelastpaycheck.com

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.