The Massive Retirement Account Changes That Impact You! #617

Would you eat boiled buffalo testicles like they did on the old show Fear Factor? Or walk between two high-rises on a cable? Or allow tarantulas to be dumped on your face while strapped to a table? I’m guessing you’re not  interested in doing this for funsies, but you might be singing a different tune iif a million bucks is on the line. And that’s because incentives change everything. When the rules of the game have changed, we need to adjust our behavior accordingly. And at the end of last year the SECURE Act 2.0 was signed into law which effectively changed the rules on a lot of the different retirement accounts that we have access to. There are many provisions in this Act that changed the incentives for how, when, and where we invest for the future. Roth, 529, and self employed retirement accounts were all impacted and so today we discuss many of the changes, and talk about what you should do during today’s episode.

 

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During this episode we enjoyed an Imperial Strawberry White Ale by Cascade Moon! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

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