What’s Changing in Retirement in 2024?

Inflation and the continued phase-in of SECURE Act 2.0 mean changes for savers and retirees. Kyle with First Coast Financial Group 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 find out if you’re on track to retire early, please feel free to give Kyle a call at 904-288-0103 or set up a complimentary appointment here: Schedule a Meeting