Description

Hosts: Omen Quelvog & Rob Moore Release Date: January 7 2026

• Student Loan Crisis:
  • Wage garnishment for federal student loans resumes in January
  • What “default” means (270+ days behind) and how to avoid it
  • Actionable steps for borrowers in trouble:
    1. Seek help—reach out to financial counselors, advisors, or trusted professionals
    2. Update your contact info with loan servicers
    3. Apply for income-driven repayment plans
    4. Consider consolidation
    5. Explore disability discharge options for veterans (tax-free for 100% P&T VA ratings)
    6. Last resort: loan rehab/consolidation
• New Year, New Limits:
  • Deep dive into the latest IRS contribution limits for 2026:
    1. 401(k), 403(b), TSP, 457(b), and IRA updates
    2. Special catch-up rules for ages 50+ and the “super catch-up” for ages 60–63
    3. Roth catch-up requirements for high earners ($150,000+ FICA wages)
    4. Annual additions limit ($72,000) and how it aggregates across multiple plans
• Military & Financial Planning:
  • PSLF for military service and how Army forgiveness differs (taxable vs. non-taxable)
  • Strategies for maximizing workplace and IRA contributions when juggling multiple plans
• Order of Operations:
  • How to prioritize workplace plans vs. IRAs
  • Spousal IRA eligibility and maximizing family contributions
  • Avoiding over-contributions and understanding “true-up” provisions
• Trivia Challenge:
  • What percentage of U.S. civilian workers with access to a workplace retirement plan actually participate?
• Off-Duty Segment:
  • Reflections on military leave, business refreshes, and favorite movies (including “Nobody 2” and Netflix’s “Elway” documentary)

💡 Practical Takeaways

1. Student loan wage garnishment is back—take action now if you’re at risk.
2. Know your contribution limits and plan aggregation rules to avoid penalties and maximize employer matches.
3. Plan your contributions and taxes deliberately—don’t “wing it” and risk costly mistakes.

📝 Resources & Links

• Forbes: Wage Garnishment for Student Loans Starts in January
• Military Financial Advisors Association
• Savings Cascade Article
• Book a meeting with Rob Moore
• Book a meeting with Omen Quelvog

⚠️ Disclaimer

This podcast is for educational and entertainment purposes only. Rob Moore and Omen Quelvog are registered investment advisor representatives, but are not your advisors. Consult a qualified professional for advice tailored to your situation.