Description

In this episode of Financial Clarity for Doctors, our hosts Rachelle Vanderzanden and Corey Janoff chat through some upcoming changes to retirement savings rules. A handful of adjustments happen every year, but there are also some new updates coming up because of the Secure Act and the Secure Act 2.0.

Updates include:

• Details on increases to contribution limits.
• New 401k/403b catch up rules for folks aged 60-63.
• New Roth rules for catch up contributions starting in 2026.
• Updated limits on social security wage limits and covered compensation for workplace retirement plans.
• How to set aside as much as possible into your tax-advantaged accounts whether you are a W-2 employee or self-employed.

For most people, retirement plans are one of the best ways to save on taxes.  Make sure you are using them to your advantage as much as possible!  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!
LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance 

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.