2024 Tax/Retirement Changes & Strategies

The Retirement Show: Your Life, Your Money with Scott Sierens

English - January 11, 2024 10:00 - 28 minutes - 40.2 MB - ★★★★★ - 3 ratings
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Previous Episode: Tax Loss and Tax Gain Harvesting, Roth 401K Rules, Federal and State Tax Withholdings - Mailbag

Next Episode: Max out your 401k for Retirement First? Or, Consider Other Investment Options First?

In today’s show, we’re going to share some crucial changes and strategies that will help you navigate your financial landscape in 2024. Scott will break down the latest adjustments you need to be aware of, from increased standard deductions to updates in Social Security and Medicare. We’ll also share some strategic tips and tactics to position your tax and retirement plans for success in the coming year.

Here’s some of what we discuss in this episode:

0:00 – Intro

3:52 – What’s new in 2024?

12:01 – Is your money in the right bucket?

16:30 - Starting HSA contributions

17:34 – Reviewing your investments

19:45 - Considering QCDs

20:35 - Reevaluating tax withholdings

22:32 - Automation

24:31 - Get a plan in place

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: [email protected]

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ