Retirement planning doesn’t have to be daunting, even if you feel like time has slipped away.
With a little strategic action, you can still make significant progress toward financial stability.
In this episode, Nick Russell and Becky Wagoner tackle practical ways to increase retirement savings, even if you’ve started late. They explore little-known opportunities to contribute retroactively to your accounts, discuss updated contribution limits, and explain creative strategies for staying on track as you near retirement. All this, with a touch of humor and real-world relatability.
They discuss:
- How individuals can retroactively contribute to IRAs, Roth IRAs, and SEP IRAs for the previous tax year, offering a valuable chance to maximize savings before the April 15 deadline
- Catch-up contributions for those aged 50 and older, highlighting how they can help bridge retirement savings gaps
- The new "super catch-up" contributions available for ages 60 to 63, allowing significantly higher contributions to employer-sponsored plans like 401(k)s
- Strategies for systematically saving throughout the year to reduce the financial burden of lump-sum contributions at year-end
- The importance of working closely with a financial advisor to stay informed about key ages and deadlines that impact retirement planning, from Social Security eligibility to Medicare enrollment
- And more!
Connect with Sunrise Wealth Advisors:
