New 401(k) Rules You Can't Ignore: What Every Saver Needs to Know
Manage episode 484282778 series 2911349
In this episode, we discuss important federal-level changes that could impact your retirement strategy—especially if you're using or planning to use a 401(k) as your investment vehicle.
Here's what you'll learn:
- Upcoming federal laws affecting 401(k) plans
- New incentives that encourage retirement savings
- Potential advantages and disadvantages of these changes
- Updates to the required minimum distribution (RMD) age — increased from 72 to 75
- How these updates can allow your investments to grow longer before mandatory withdrawals
- Increased annual contribution limits before taxes
Whether you're already investing for retirement or just starting to plan, this episode will help you stay informed and ahead of the curve.
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