What big change to Roth IRA's and 529's coming? In this video, we'll answer a question that's been on many people's minds: what big change is coming to Roth IRA's and 529's? We'll discuss the possible changes and give our opinions on what this means for investors. Thanks for watching! We hope this video helps you understand the complex world of financial planning a little better. If you have any questions, please let us know in the comments below. We would love to help! **************************************************************************************** ★ Subscribe to our channel for time sensitive Tips!★ **************************************************************************************** Are you losing sleep over the volatility in the stock market? Are you in the correct portfolio? How do you measure risk with your investments? **************************************************************************************** 📘 Pick up Tony's latest book: The 10 Tax Commandments. 📘 **************************************************************************************** SOCIAL MEDIA: Facebook: Twitter: Linkedin: **************************************************************************************** VISIT OUR WEBSITE FOR FREE REPORTS AND RETIREMENT TIPS: **************************************************************************************** POPULAR RETIREMENT VIDEOS: ✅ Index Annuity - Should I own a Annuity? ✅ Investing like Warren Buffett ✅ 401k to IRA's ✅ Ruettiger: The Walk On **************************************************************************************** NEED HELP? 💰 You can schedule a complementary visit to discuss your needs: 💰 Call us at (479) 268-4463 or go to #retirement #529 #rothira **************************************************************************************** Disclaimer: All written content on this site is for information purposes only. Opinions expressed herein are solely those of Guardian Financial, Inc. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Advisory services are offered by Guardian Financial, Inc., a Registered Investment Advisor in the State of Arkansas. Insurance products and services are offered through Guardian Financial Advisors and Associates, LLC, an affiliated company. The information by Advisor (“we”, “us”, or “our”) is for general information purposes only. None of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. It is solely at your own risk. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. Under no circumstance shall we have any liability to you for any loss or damage of any kind as a result of the use of the site and reliance on the information provided. Again, the presence of this site shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services of any state other than the state of Arkansas or where otherwise legally permitted. Guardian Financial, Inc. and Guardian Financial Advisors and Associates, LLC are not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law. Content should not be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation....(read more)
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With the passage of the SECURE Act in 2019, a number of changes were made to the rules governing Roth IRA's and 529's. These changes are aimed at making it easier for individuals to save for retirement and college expenses. One of the biggest changes to Roth IRA's is the elimination of the so-called “stretch” provision. Under the old rules, a beneficiary of a Roth IRA could stretch out the distribution of the account over their lifetime. This allowed them to take advantage of the tax-free growth of the account and delay taking distributions until they were in a lower tax bracket. Under the new rules, the beneficiary must take all the distributions within 10 years of the original owner’s death. Another change to Roth IRA's is the elimination of the “backdoor” contribution. Under the old rules, individuals who earned too much to contribute directly to a Roth IRA could make a non-deductible contribution to a traditional IRA and then convert it to a Roth IRA. The new rules eliminate this option and limit the amount of money that can be converted from a traditional IRA to a Roth IRA. Finally, the SECURE Act also made changes to 529 plans. Under the old rules, 529 plans could only be used for qualified higher education expenses. The new rules allow 529 plans to be used for up to $10,000 in qualified K-12 expenses per year. This change is aimed at making it easier for families to save for elementary and secondary education expenses. In summary, the SECURE Act made a number of changes to Roth IRA's and 529's. These changes are aimed at making it easier for individuals to save for retirement and college expenses. https://inflationprotection.org/what-big-change-to-roth-iras-and-529s-coming/?feed_id=69679&_unique_id=63e78421303ee #Inflation #Retirement #GoldIRA #Wealth #Investing #compoundinterest #daveramsey #financialadvisor #FinancialPlanning #GuardianFinancialInc #investing #ira #money #personalfinance #realestate #Retirement #retirementaccount #retirementplanning #ROTH #ROTH401k #rothconversions #RothIRA #rothiraexplained #rothirainvesting #rothirainvestmentoptions #rothiravstraditionalira #socialsecurity #stockmarket #TonyHansmann #traditionalIRA #traditionalvsrothira #whatisarothira #whatsnextforrothiras #RothIRA #compoundinterest #daveramsey #financialadvisor #FinancialPlanning #GuardianFinancialInc #investing #ira #money #personalfinance #realestate #Retirement #retirementaccount #retirementplanning #ROTH #ROTH401k #rothconversions #RothIRA #rothiraexplained #rothirainvesting #rothirainvestmentoptions #rothiravstraditionalira #socialsecurity #stockmarket #TonyHansmann #traditionalIRA #traditionalvsrothira #whatisarothira #whatsnextforrothiras
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