2024 Financial Planning: IRA, 401(k) Changes, and More with Alex Neri (Ep. 75)
In this episode, we sit down with Alex Neri, a Retirement Income Certified Professional (RICP), Certified Financial Planner (CFP), and a partner at SixPoint Financial Partners. We dive into the financial landscape of 2024, exploring key tax numbers that could shape your financial strategy.
Alex breaks down key numbers that matter, highlighting changes in contribution limits for 401(k) or 403(b) retirement accounts. Additionally, Alex takes us through the changes in IRA contribution limits, exploring the recent adjustment in the age requirement to 75.
He also takes us through the changes in Required Minimum Distribution (RMD) requirements and unveils the latest updates on Medicare premiums for 2024.
Time to dive in!
Watch The Full Episode on Youtube: https://youtu.be/Gufow9KbZao
During this episode, you will learn about:
[01:14] Get to know our guest, Alex Neri
[02:18] Today’s focus: 2024 Important Tax Numbers
[02:24] Get a copy of the 2024 Tax Fact Cheat Sheet Email: aneri@sixpointfp.com
[03:32] The changes in the contribution limit for 401(k) or 403(b)
[05:18] Changes in IRA contributions limits
[06:49] https://sixpointfp.com/
[07:06] What should people do with their extra money?
[10:20] What is an RMD, and what are the changes in RMD requirements?
[11:46] What’s new in the Medicare premiums for 2024?
[15:49] Additional things to look out for in 2024
[16:41] Action items
[17:42] Best way to reach out to Alex Neri
Email: aneri@sixpointfp.com
Key Takeaways:
- The contribution limits for 401(k) or 403(b) have increased, now allowing a base contribution of $23,000 [03:33]
- Required Minimum Distribution age for IRAs raised to 75 [10:20]
Book Time with David Pulcini:
Connect with David Pulcini:
- info@sixpointfp.com
- SixPoint Financial
- (585) 406-4645
- LinkedIn: David Pulcini
- LinkedIn: SixPoint Financial
- Twitter: SixPoint Financial
- Facebook: SixPoint Financial
Connect with Alex Neri:
View The Full Episode Transcript Here
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