These 15 changes help us save more for retirement! Some more than others. My favorite is being able to transfer 520 college savings plan money into a Roth IRA for kids. But there are 14 others worth sharing in this video! ⏱Handy Timeline: 0:00 Secure 2.0 Act Changes 0:14 1. Free Emergency Fund 1:15 2. 401k Gift Cards 1:52 3. Forcing the 401k 2:30 4. Paid to save 3:54 5. Student loans that invest for you 5:12 6. Part-time workers win 6:04 7. Roth 401k Matching 6:36 8. Starter 401k 8:24 9. 529 to Roth for kids! 13:40 10. Lost and Found 401ks 14:58 11. 401k Withdrawals 17:20 Firefighters 18:02 Catch up contributions 18:58 Better comparisons, more profits 20:10 RMD rules relaxed 22:16 All Aboard the Omnibus 22:55 Secret 23:13 What if you have no 401k? ===== 📗My Investing Masterclass For Beginners Course! Step by Step from beginner to stock market success! ===== The Investing Apps I Recommend: 📈M1 Finance Investing: (Get $10-30 when you start investing today! To get it, invest at least $100 in an individual account or at least $500 in a retirement account) 🐿Start investing with Acorns! Best app for beginners! Get $5 when you use my invite link: 📊Get 2-12 free stocks with WeBull after you make a first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!) ==== My Newsletter My favorite online learning platform: Skillshare You get 1 month free: (If you want to take my upcoming Investing Course or Personal Finance Course for free, DON'T use this free trial yet! Wait until at least January 2023 or later to get your free trial so you can take the class(es) for free!) My scheduling class: How I organize everything in my life: Notion! It’s free and absolutely incredible. (I only pay for the pro version to have more storage) Morning Brew A free investing newsletter that's pretty fun to read and is short!: (I read this every week while eating breakfast! It's starting to get more ads so that's annoying) ===== 🎥 Investing Videos: 🐿Acorns 1-Year Review! [And My Actual Returns!] 🔑 M1 Finance 2-Year Review (The Good, The Bad, and The Rating) 🎥Best Investing Apps for Beginners in 2021: ❓What EXACTLY Happens to Your Money When You Invest: ===== 💰The Savings Accounts I Recommend: 💰Yotta Savings: The savings account that feels more like a lottery! Use my link and we will both get bonus tickets! Just tap this link: 💰Prize Pool: The newest "gamified" saving app, similar to Yotta. Sign up and get a 10% bonus on top of all your prizes forever! Use code MQD33 or this link: ===== 📚The 3 books I recommend most often: 📖1️⃣Atomic Habits by James Clear: 📖2️⃣Financial Freedom by Grant Sabatier: 📖3️⃣Your Money or Your Life by Vicki Robin: 📱🆓Free trial of Amazon Audible: “As an Amazon Associate I earn from qualifying purchases” (It means Amazon pays me a small commission and it costs you nothing extra!) ===== #investing #financialfreedom #BrendanEvan Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. 🕰Make sure to check the time stamps to navigate to the most interesting parts easily. 🏎💨If I am talking too slowly, just click on the video settings option and look for “Playback Speed”. Changing this to 1.25x or 1.5x can make the video flow a little better if you want to pick up the pace! 📥Contact me here for business purposes: Brendanbizinquiries@gmail.com...(read more)
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The Biggest Retirement Change in History is a sweeping new law that is set to dramatically change the way that Americans save and plan for retirement. This new law, known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, was signed into law on December 20th, 2019 and is set to take effect on January 1st, 2020. The SECURE Act of 2019 is an ambitious piece of legislation that seeks to make it easier for Americans to save for retirement. It does this by making changes to the way that retirement savings accounts are taxed, increasing access to retirement savings accounts, and making it easier for employers to offer retirement plans to their employees. One of the biggest changes included in the SECURE Act of 2019 is the elimination of the maximum age for traditional IRA contributions. Previously, individuals over the age of 70 ½ were not allowed to contribute to a traditional IRA. Now, individuals of any age can contribute to a traditional IRA. This change will allow individuals who are still working after the age of 70 ½ to continue to save for retirement. The SECURE Act of 2019 also includes changes to the way that retirement savings accounts are taxed. It increases the age at which individuals must begin taking required minimum distributions (RMDs) from 70 ½ to 72. This means that individuals can now wait longer to begin taking distributions from their retirement savings accounts, allowing them to continue to save and grow their retirement nest eggs. The SECURE Act of 2019 also makes it easier for employers to offer retirement plans to their employees. It allows employers to offer a “pooled employer plan”, a type of retirement savings plan that is less expensive and easier to administer than traditional plans. This will make it easier for employers to offer retirement plans to their employees, which will help more Americans save for retirement. The SECURE Act of 2019 is the biggest retirement change in history and it will have a major impact on the way that Americans save for retirement. It will make it easier for individuals to save for retirement, allow individuals to wait longer to begin taking distributions from their retirement savings accounts, and make it easier for employers to offer retirement plans to their employees. These changes will help more Americans save for retirement and will help ensure that individuals are able to enjoy a secure retirement. https://inflationprotection.org/the-biggest-retirement-change-in-history-how-it-affects-you/?feed_id=71877&_unique_id=63f1ea3176fc0 #Inflation #Retirement #GoldIRA #Wealth #Investing #investingforbeginners #investingforbeginners2022 #investingforbeginners2023 #retirementplan #retirementplanning #retirementplanningat55 #retirementplanningat60 #retirementplanningat62 #secureact2.0 #secureact2.0401k #secureact2.0catchupcontributions #secureact2.0details #secureact2.0explained #secureact2.0passed #secureact2.0studentloanmatching #secureact2.0summary #secureact2.0update #BackdoorRothIRA #investingforbeginners #investingforbeginners2022 #investingforbeginners2023 #retirementplan #retirementplanning #retirementplanningat55 #retirementplanningat60 #retirementplanningat62 #secureact2.0 #secureact2.0401k #secureact2.0catchupcontributions #secureact2.0details #secureact2.0explained #secureact2.0passed #secureact2.0studentloanmatching #secureact2.0summary #secureact2.0update
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