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The 2025 Financial Planning Cheat Sheet is here and it's FREE! https://www.bridgeviewadvisors.com/2025-Financial-Planning-Cheat-Sheet SIMPLE IRA matching can be confusing. This video will explain how SIMPLE IRA matching works for employees and employers. SIMPLE IRA plans can be a great way for a small company to provide a low cost retirement ...

Do you want to know how IRA contributions work? Then you have found the right video because, in the video, I explain everything there is to know about IRA contributions and how they work. You will learn everything that you need to know in order to maximize your IRA contributions. #IRAContributions #IRAs #RetirementAccounts ...

Big changes are here for Simple IRA employer contributions starting in 2024! This video breaks down the updates, what they mean for employees, and how they can enhance your retirement savings. Whether you're an employer or an employee, understanding these contributions is key to optimizing workplace benefits and planning for a secure financial ...

Learn how to maximize your retirement savings with our complete guide on 401(k) and IRA accounts. Discover strategies tailored to different income levels and understand the benefits of Roth vs. Traditional accounts. Download our guide for detailed charts and step-by-step instructions. Get your Free Retirement Accounts Guide Here: https ...

This video defines what an IRA (Individual Retirement Arrangement) is and goes over the rules for contributing to Traditional and Roth IRAs. 2024 UPDATE: The IRA Contribution limit has been increased to $7,000 ($8,000 if over age 50) Traditional IRA Deductibility AGI Phaseouts: Taxpayer covered by an employer plan: S/HOH: $77,000 - $87,000. MFJ ...

Saving for retirement is great, and there are many types of retirement accounts that can help you get there. This is a high-level guide to some of the most common retirement plans out there, including an employer-sponsored (401)K, IRA and more. NerdWallet editor Arielle O'Shea shares the basics of each type of retirement account so that you can ...

New 401K contribution limits and catch-up. Learn how the new 401(k) and IRA rules for 2025 can help you maximize your retirement savings. From increased limits to exclusive catch-up options, these updates could transform your financial future. This guide explains the new 401(k) contribution limits and catch-up options announced by the IRS for ...

Roth IRAs. What are they? How are they different from a traditional IRA? What are the benefits? Who can contribute and how much? What are the income limits? Could I get one for my child? On this episode of Money Unscripted, join host Ally Donnelly and Fidelity Investments’ Rita Assaf for what you need to know about this powerful retirement ...

Great question! In this video, I’ll clarify the 401(k) contribution limits for 2024 and explain what counts—and what doesn’t—toward those limits. For 2024, the employee contribution limit is $23,000 for individuals under age 50. If you’re 50 or older, you can make an additional $7,500 catch-up contribution, bringing your total ...

Wondering about the 2025 contribution limits for Simple IRAs? This video breaks down the updated limits and what they mean for your retirement planning. Whether you're an employee or employer, understanding these changes can help you make the most of your savings strategy. Learn how increased contribution limits can boost your retirement nest ...

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Here are the NEW 2025 Contribution Limits for 401K, IRA, and HSA plans Apply to Become a Client: https://mycpacoach.com/contact/ The IRS just announced new updates to IRAs, 401Ks, HSAs, and related accounts for 2025, which will impact millions of taxpayers who use these accounts. There are new contribution limits, which means larger tax ...

Many taxpayers do not know that they can make IRA contributions in 2025 that will apply for the 2024 tax year. In general, these contributions must be made before the original filing deadline, April 15, 2025. If you file a Form 4868 extension request for your Form 1040, this does NOT extend the deadline to make the IRA contributions. If you ...

In this video, I'm talking about the SIMPLE IRA explained, well, simply. Reducing taxes, saving for retirement, and employee retention for small business owners. The SIMPLE IRA is a retirement account, employee benefit, tax deduction, tax-deferred and simple to setup. 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 Book a meeting and ...

Investing for retirement is an integral part of building your financial future. Whether that means saving up or investing through a 401(k) plan and/or Roth IRA account, investment strategies can change over our lifetime. You might find one is the best option to start your investing journey and the other more beneficial for your long-term plan ...

In 2019 if you have a 401k you may be able to also contribute to an IRA. Check out the income limits and 401k eligibility to see if you can contribute to both plans. You may also contribute to an IRA if you or your spouse has a 401k. 00:00 intro 01:00 401k with an IRA Eligibility 01:09 IRA Income and Contribution Limits 01:32 IRA Income Limit ...

Are you ready to maximize your retirement savings in 2025? In this video, Director of Education John Bowens walks you through the new IRA and 401(k) contribution limits for 2025, including a special focus on the new “super catch-up” contribution limit introduced by SECURE Act 2.0. Learn more in our latest blog: https://eqtytrst.co/2025 ...

SIMPLE IRA: Easy Retirement Plan with Big Tax Benefits For small businesses looking to offer retirement benefits without the complexity of a 401(k), a SIMPLE IRA (Savings Incentive Match Plan for Employees) is an easy and cost-effective solution. It’s designed for companies with 100 or fewer employees, and offers major tax advantages for both ...

Taxpayers can generally contribute money to their Traditional IRA and receive a tax deduction for the amounts they contribute to the account. However, the deduction may be limited depending on the taxpayer's income and whether they are covered by a retirement plan at work. The maximum amount of IRA contributions for 2024 is $7,000. If the ...

If you own a small business, a SIMPLE IRA is a great retirement option, offering tax-deductible contributions and tax-free earnings until withdrawal. Access your free guide to small business retirement plans here: https://eqtytrst.co/3Y0G2JI John Bowens explains the pros and cons of a SIMPLE IRA, designed for businesses with 100 or fewer ...

A simplified employee pension (SEP) is a retirement plan that an employer or a self-employed individual can establish. They are more common with small businesses.

Increases to 401(k) and IRA contributions for 2025 give you more options to boost your savings.

Roth 401K vs Roth IRA EXPLAINED. Are you making these common Roth IRA mistakes? Avoid costly IRS penalties, maximize tax-free growth, and ensure your retirement savings stay on track. One of the biggest misconceptions is that a Roth IRA is just another savings account. While you can withdraw contributions anytime, dipping into your account too ...

SECURE Act 2.0, which passed in December 2022, allowed employers for the first time to match Roth 401(k) contributions directly into a Roth account.

#Morningstar #IRA #RetirementPlanning What to know about contributing to both a traditional IRA and Roth IRA, and one brand new place to move unused funds. 00:00 Introduction 00:20 Who Can Contribute to an IRA? 02:06 Spousal IRA 04:12 Traditional IRA vs. Roth IRA Contribution 05:27 Moving Unused Funds From a 529 College Savings Plan 06:54 Can ...

The SIMPLE IRA contribution limit is increasing for 2025. Learn more about creating a secure retirement from my interview with Wade Pfau: https://youtu.be/f3zNzLPrXcI?si=AdyBLfgowGzenzIF #ira #irainvesting #2025ira #ira2025 #contributionlimit #SIMPLEIRA == Maximize Your Retirement Income! Lower Your Lifetime Tax Bill Avoid Mistake with Your ...

2025 Roth IRA Changes: https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000 Roth IRAs are one of the most exciting retirement account options available - you can save money for retirement that grows tax free outside of a workplace plan! Every year the IRS changes the rules for the Roth IRA with changes to ...

The SECURE Act 2.0 brought big changes to retirement plans, especially with SIMPLE IRAs and changing the contribution limit for 2024. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find ...

With the Secure Act and Cares Act, the IRA rules have changed. Let’s start with what is now current law: Who Can Contribute to an IRA? Earned Income Requirement: You or Your Spouse Must Have Earned Income Age Restrictions: No Age Restrictions for Traditional or Roth IRA Contributions, New with the Secure Act – Eliminating Age Limit for IRAs ...

See maximum limits and, more importantly, what goes into the 401(k) max contribution. For 2023, the annual limit is up to $22,500 of your own pay, and the total amount that can go into your account is $66,000. For those over age 50, another $7,500 catch-up is allowed. But this can get complicated, and if you’re hoping to max out your 401(k ...

"Catch-up Contribution... What is that?!?" Hey Taxpayers, Tiffany Gonzalez CPA is here with a retirement savings focused video. Today we are talking about Catch-up Contributions which has to do with a special exception that allows eligible taxpayers to put away additional funds into their 401k or IRA. If you are preparing for retirement and ...

Know the difference between 401k and IRA. Discover the key distinctions between these retirement savings options. Learn about maximum contribution limits, employer matches, and tax advantages. Find out how to leverage both accounts to secure your financial future as a young adult. But first, don't forget to subscribe to our channel for more ...

Having both a 401(k) and an IRA can boost your annual retirement contributions by 30%. WSJ contributor Michael Pollock joins host J.R. Whalen to discuss what savers should know about each type of account. 0:00 401(k) vs. IRA 1:46 Advantages of having two retirement accounts 2:43 Disadvantages of having two retirement accounts 3:13 Roth IRAs and ...

401(k) vs. Roth IRA: Which One is Right for You? Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started ...

The rules of IRA contributions can be confusing. Get them wrong and you could make a costly mistake or lose out on a chance to save more for retirement. In this video we'll cover these 10 IRA contribution rules: 1. Contributions limits 2. Catch-up contribution limits 3. Income limitations on IRA contributions 4. Limits on deducting IRA ...

How to contribute to a Roth IRA and 401k in the same year. 0:00 Intro 0:24 401k Contribution Limits 1:38 Roth IRA Contribution Limits 2:00 Roth IRA Income Limits 2:55 Roth IRA MAGI 3:29 Roth IRA Income Limit Example 4:25 Backdoor Roth IRA conversion 5:15 Pro-Rata Rule 7:16 How to avoid the Pro-Rata Rule 8:39 401k Tax Tip ...

Simple IRA's are often times the ideal type of reitrement plan for small businesses with employees. Before jumping to a 401(k) plan make sure you underthe difference between a Simple IRA plan and a 401(k) plan. This video will review contribution limits, establishment deadlines, employee eligibility, the employer contribution formula, vesting ...

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With the passage of the Secure Act 2.0, for the first time ever, starting in 2023, taxpayers will be allowed to make ROTH contributions to Simple IRAs. Before 2023, only pre-tax contributions were allowed to be made to these types of employer-sponsored retirement plans. Additional Secure Act 2.0 Videos RMD Age 73 in 2023: https://youtu.be ...

When it comes to saving for retirement, two of the most popular options in the United States are the 401(k) and the Individual Retirement Account (IRA). Both offer tax advantages and help you build a nest egg for your golden years, but they differ in terms of eligibility, contribution limits, and investment options. Understanding the pros and ...

If you're saving for retirement through work with a 401(k) or IRA but your employer is no longer matching your contributions, Clark has some advice for you! If your job is relatively stable and you can save money, then keep on saving! To learn more about what you should do if your company stops making 401(k) matches read this: https://clark.com ...

Are you navigating retirement plans? 🧐 Here's why a Simple IRA could be your best choice! Simple IRAs, or Savings Incentive Match Plans for Employees, are tailored for small businesses, making them easy to set up and manage. Employees contribute pre-tax dollars which lowers their taxable income, and employers can match contributions ...

Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time.

Brandon explains the Secure 2.0 Act and explores the options available for both Traditional IRAs and Roth IRAs, highlighting how you can benefit from employer matching contributions. For more Information and a complimentary consultation, you can contact Brandon at 860-567-6407 or email him at bangotti@unionsavings.com. unionsavings.com/wealth

As a Business Owner, one of the biggest decisions you can make involves your retirement account. Do you have a Simple IRA and want to know how it compares to a 401(k)? Are you looking to start a retirement plan and don't know what is best for you? Check out this quick video on the differences between the two plans and let us know if we can help ...

Discover the essential factors in choosing between a Roth IRA and a 401(k) for your retirement plan! 🌟 This detailed guide breaks down key considerations such as financial situations, employer matching, diversification, and the power of compound interest. Whether you’re just starting out or looking to optimize your retirement savings ...

Explore the ultimate showdown between 401(k) plans and Roth IRAs! 💰💡 Planning for retirement can be complex, but understanding the different options available is crucial. Two popular choices are 401(k) plans and Roth IRAs. Both offer tax advantages, but they work differently. **401(k) Plans:** 401(k) plans are employer-sponsored ...

How Much Can You Contribute To A SIMPLE IRA? In this informative video, we will guide you through the essentials of contributing to a SIMPLE IRA. This retirement savings option is particularly beneficial for small businesses and self-employed individuals who are looking to secure their financial future. We will outline the contribution limits ...

In this video, you'll learn everything you need to know about retirement accounts such as 401(k)s, 403(b)s, and IRAs! We cover the difference between Roth and Traditional retirement accounts, when to choose an IRA over a 401(k), what happens to your 401(k) when you leave your company, and much more!