What's Changing for Retirement in 2024?
Inflation and the continued phase in of SECURE Act 2.0 mean changes for savers and retirees. Shane with Winston and Companies and Erin Kennedy are breaking down the 5 biggest changes (and opportunities):
1. Higher Tax Brackets: this could also mean some opportunities to avoid capital gains tax
2. No RMDs for Roth 401ks
3. Higher Contribution Limits for Retirement Accounts
4. Higher QCD Limits
5. Higher Estate and Gift Tax Thresholds: for wealthy clients this is a unique opportunity before the Tax Cuts and Jobs Act sunsets
If you'd like to talk through these changes and any planning moves you should consider now, please reach out to Shane by calling 602-456-1928 or visit www.WinstonandCompanies.com
#Retirement #RetirementChanges #SECUREAct #TaxPlanning #WealthManagement