Ep 82: 5 Retirement Changes in 2023
Manage episode 349307429 series 2891513
By Scott Sierens. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The one constant in life is change, and there are frequent changes that you have to be aware of to make sure you’re getting the most out of your retirement plan. Here are five changes to the retirement landscape that you should be aware of in 2023.
Here’s some of what you’ll learn in this episode:
- Details on the new 401(k) limit increases and why it’s important. (3:59)
- IRA limits are going up so what should you be doing? (9:44)
- The IRA and Roth IRA income phase out range changes. (14:27)
- Cost of Living Adjustments (COLA) for Social Security increasing 8.7% in 2023. Should this change your claiming strategy? (19:45)
- Should you take advantage of the Roth option in your company 401(k)? (23:17)
Read the Yahoo! article we referenced here: https://finance.yahoo.com/news/5-retirement-changes-know-2023-164658275.html
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
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