In this episode of Adam Talks, IRA Financial’s Adam Bergman Esq. provides an update about possible retirement legislation that should be passed in the near future.
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About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

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Adam Talks – D.C. Update – New IRA & 401(k) Rules Coming

In a recent episode of Adam Talks, Adam Smith discussed the new IRA and 401(k) rules that are coming to D.C. These new regulations are set to have significant impacts on retirement savings and planning for individuals.

One of the main changes coming to IRA and 401(k) plans is the increase in contribution limits. Currently, the maximum contribution limit for an IRA is $6,000 and $19,500 for a 401(k). However, the new rules are set to raise these limits, giving individuals the opportunity to save even more for their retirement.

In addition to the increase in contribution limits, the new rules also aim to make it easier for individuals to access and manage their retirement savings. This includes changes to the required minimum distribution (RMD) age, as well as the ability to make penalty-free withdrawals in certain situations.

Another important aspect of the new rules is the expansion of eligibility for retirement savings plans. Currently, not everyone has access to an employer-sponsored retirement plan, and the new regulations are aimed at making it easier for individuals to save for retirement, regardless of their employment status.

Overall, these new IRA and 401(k) rules are set to have a positive impact on retirement savings and planning for individuals. With higher contribution limits, easier access to savings, and expanded eligibility, individuals will have more opportunities to secure their financial future in retirement.

In his episode, Adam Smith stressed the importance of staying informed about these new rules and understanding how they can impact individuals’ retirement plans. He urged viewers to consult with a financial advisor to ensure they are taking full advantage of the new regulations and making the most of their retirement savings.

As these new IRA and 401(k) rules come into effect, it is essential for individuals to stay updated and informed to make the most of their retirement planning. As Adam Talks continues to cover these developments, viewers can expect to receive valuable insights and guidance on how to navigate the changing landscape of retirement savings.