Accessible Finance Episode 38: Sufficient Retirement Funding & Pro-Rata and Aggregation Rules Explained

Does maxing out 401k deferrals (23k in 2024) guarantee sufficient retirement funding? The short answer is usually...no. How can you maximize your contributions to ensure you are contributing in the best way possible? What if you contributed and want to change the classification to a Roth contribution? What are pro-rata in aggregation rules and how might they affect your taxes? If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks! If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equilibriumfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. If you are interested in a free, personalized assessment of your financial situation, please head here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://equilibriumfp.com/free-assessment⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ If you would like to reach out via phone for a complimentary 15-minute discussion, please call 504-229-2494.