On this podcast, we use the same financial tools you already know to help set you free. Free to do what you want with your time, with your money, and with your energy, free to live your life the way you have dreamt about. We will talk about wealth knowledge, personal reflections, and the financial industry news of the day.
Episodes
Wednesday Jul 19, 2023
Wednesday Jul 19, 2023
If you are over 50 and taking advantage of the catch-up provision in your 401(k), there could be some changes in how 401(k) companies are required to allocate those dollars. If you are under 50, you should still listen to this one. The potential changes could signal a broader shift in how the IRS looks at near-term vs. long-term tax revenue from qualified plans. Join us as we walk through the mindset behind the potential rule change. Strategically, we can look at the pros and cons of the change and how that might impact even the option to have a catch-up option, as 401(k) providers may be scrambling to comply with the change. From a tools perspective, we touch on what that might mean moving forward for how you negotiate salary and other benefits to either take advantage or work around the rule.