Tag: Secure Act
How Recent Retirement Laws May Affect Your Future (Ep. 95)

How Recent Retirement Laws May Affect Your Future (Ep. 95)

By |

New laws have reshaped retirement planning, and staying informed could mean the difference between saving money and paying avoidable taxes.

In this episode, Josh Leonard explains the impact of Secure Act 1.0 and 2.0 on retirement planning and why constant plan updates are necessary. He highlights how changes to RMD ages, IRA rules, and Medicare surcharges can affect retirees, especially those who have saved diligently. 

Josh also shares practical strategies to prepare for the evolving legal environment without overreacting to proposals.

Josh discusses:

  • Changes from Secure Acts 1.0 and 2.0, including increased RMD ages and IRA contribution rules
  • How automatic 401(k) enrollment and escalation can benefit retirement savings
  • The “Good Saver” tax issue and why early tax planning is essential
  • Medicare IRMAA surcharges and how to minimize them with intentional withdrawals
  • Why regularly reviewing and adjusting your financial plan matters more than ever
  • And more!

Resources:

Connect with Josh Leonard: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Navigating RMD Changes for Your Retirement Plan (Ep. 62)

Navigating RMD Changes for Your Retirement Plan (Ep. 62)

By |

Why does the government force you to take money out of your retirement accounts, even if you don’t need it?

In this episode or Relax, It’s Retirement, Josh Leonard and Pete Belcastro dive  into the intricacies of Required Minimum Distributions (RMDs) and explain why they are a crucial aspect of retirement planning. Together, they cover recent changes in RMD rules, including the impact of the Secure Act and the importance of understanding how these changes affect your retirement and tax planning. 

You’ll learn about the different types of beneficiaries and the rules surrounding inherited IRAs, making this a must-listen for anyone approaching or navigating retirement.

Josh and Pete discuss: 

  • Understanding Required Minimum Distributions (RMDs) and their recent rule changes
  • The implications of inheriting an IRA and the different types of beneficiaries
  • How the Secure Act has changed the way RMDs are calculated and distributed
  • How to navigate these complex rules and avoid potential penalties
  • And more

Resources:

Connect with Josh Leonard: 

Connect with Pete Belcastro: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More