EPISODE · Oct 3, 2023 · 10 MIN
Secure 2.0 Act: The Changing Landscape of Retirement Planning
from Ready, Set, Retire! · host Steve Anzuoni
Under this new measure, starting next year, older workers earning more than $145,000 will be required to use an after-tax Roth 401(k) rather than the traditional pre-tax 401(k). However, since many employers do not offer Roth 401(k)s, the IRS has extended the deadline to 2026. Steve breaks down what this means for you and your retirement strategy. He also emphasizes the importance of diversifying your retirement savings to reduce dependency on government-controlled plans. With the government's ever-changing rules and regulations, having different financial buckets can provide greater stability and control over your retirement. If you're concerned about the impact of the Secure 2.0 Act on your retirement or want to assess your current retirement plan, call Steve today at 508-552-3230. Steve and his team can provide an X-ray of your 401(k), analyzing earnings, fees, risks, and exploring alternative retirement savings options. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast Visit Fairway Financial TODAY for your complimentary 401K X-Ray! Subscribe and Follow the “Ready Set Retire" podcast on Apple or Spotify! 💬 Engage, Share, and Learn even more with Steve and his team at Fairway Financial! Facebook LinkedIn Instagram YouTube See omnystudio.com/listener for privacy information.
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Under this new measure, starting next year, older workers earning more than $145,000 will be required to use an after-tax Roth 401(k) rather than the traditional pre-tax 401(k). However, since many employers do not offer Roth 401(k)s, the IRS has...
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Secure 2.0 Act: The Changing Landscape of Retirement Planning
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