Year End Planning: It’s Not Too Early (Part 1)

Join us for a two-part episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. With the holidays right around the corner, it is the perfect time of year for these conversations. Listen in as we cover a range of topics, from IRA and 401k contribution limits to Roth IRA conversions and charitable giving options.

 

Here’s some of what we discuss in this episode:

• Medicare open enrollment, Social Security COLA changes for 2024 + and the new Medicare Part B premium
• Changes to the Required Minimum Distribution (RMD) age
• Making qualified charitable distributions (QCDs) from IRAs and their benefits in reducing taxable income
• What are the contribution limits for retirement accounts like 401(k)s and IRAs?
• Initiating financial decisions early to avoid potential year-end complications

 

Wall Street Journal Article:

https://www.wsj.com/lifestyle/travel/airline-customer-service-scam-twitter-x-e1879760?mod=Searchresults_pos1&page=1

 

Get in touch with Don and learn more: https://doncashpodcast.com/