Many savers pay little attention to retirement-account beneficiaries. That’s a mistake. https://t.co/J0o8IuPoOj ...

Core Points - The IRS announced new regulations affecting 401(k) catch-up contributions starting in 2026, particularly for high-income earners [1][4] - An income test will be implemented, where individuals earning over $145,000 will only be able to make catch-up contributions to a Roth 401(k) [4][5] - This change introduces an upfront tax burden for high-income earners, as contributions to a Roth 401(k) are made with after-tax income [5] Summary by Sections Contribution Limits - For 2025, all workers can contribute up to $23,500 into 401(k) plans, with those over 50 allowed to make additional catch-up contributions [3] Income Test Implementation - Starting in 2026, workers earning over $145,000 will face restrictions on their catch-up contributions, limiting them to Roth 401(k) plans [4] Tax Treatment Differences - Standard 401(k) contributions are made pre-tax, allowing for tax deductions, while Roth 401(k) contributions are made after-tax, resulting in no immediate tax benefits [5] Impact on Workers - Approximately 20% of individuals aged 45 to 54 earn over $100,000, indicating that millions could be affected by the new regulations [6] - Employers are encouraged to confirm if they offer a Roth 401(k) plan, as nearly 93% do [6]

Plan for your future and learn about a Roth individual retirement account (IRA) and its contribution limits. Decide if it's the right account for you. https://t.co/xd2T4SquKR ...

Core Insights - The article discusses the financial strategy of a retiree who relies on a taxable portfolio for income while benefiting from health insurance subsidies [2][3][5] - It highlights the importance of maintaining a low taxable income to qualify for health insurance subsidies, specifically the Premium Tax Credit (PTC) [5] Financial Strategy - The retiree has a total of $2,240,000 in various accounts, including $625,000 in a taxable portfolio, $115,000 in a Roth IRA, and $1,500,000 in a traditional IRA [3] - The plan is to draw exclusively from the taxable portfolio until the age of 65 to avoid increasing taxable income and incurring higher tax bills [3][4] Health Insurance Subsidies - The Premium Tax Credit (PTC) significantly reduces health insurance costs for eligible individuals, allowing for lower monthly premiums or a tax credit at year-end [5] - Enhancements to the PTC from the American Rescue Plan and the Inflation Reduction Act are set to expire after 2025, which may affect future eligibility and benefits [5] - Eligibility for the PTC is based on income and household size, with specific thresholds that will revert after 2025 unless Congress acts [5]

Core Insights - The article emphasizes the importance of utilizing retirement accounts, particularly highlighting the tax advantages they provide for retirement savings [1] Retirement Accounts Overview - Retirement accounts such as 401(k) and traditional IRA offer upfront tax breaks, allowing individuals to lower their taxable income for the year [2] - Roth IRA contributions are made with after-tax money, enabling tax-free withdrawals during retirement [2] Common Myths about Roth IRA - Myth 1: Employment is necessary to open a Roth IRA; in reality, contributions can be made at any time from earned income, regardless of employment status [5][6] - Myth 2: Withdrawals from a Roth IRA must wait until retirement; contributions can be withdrawn at any time without penalties, although earnings cannot be accessed without penalties until certain conditions are met [7][8] Withdrawal Rules - Roth IRAs allow tax-free withdrawals in retirement, and contributions can be withdrawn at any time without penalties [9] - After reaching 59-1/2 years old and having made the first contribution at least five years prior, individuals can withdraw earnings tax-free and without penalties [10]

A qualified longevity annuity contract (QLAC) is a deferred annuity that is funded from a qualified retirement account, such as an IRA. https://t.co/cyiWPNQK77 ...

You can contribute to both a Roth IRA and an employer retirement account, but know the limitations. https://t.co/GAkDKJo5po ...

From the Desk of Anthony Pompliano0:00 Bitcoin Is Coming To Retirement Account3:10 The Humanoid Robots Are Getting Better Every Week5:33 Joe Pompliano Interview: ESPN’s Insane WeekEnjoy! https://t.co/Vq0VN1cJ25 ...

Cryptocurrency & Investment - The White House is rumored to allow individuals to buy Bitcoin and cryptocurrencies in their 401k retirement accounts [1] - US retirement accounts hold an estimated $43 trillion, including about $9 trillion in defined contribution plans like 401ks [1] - The entire crypto industry's market cap is less than $4 trillion [1] - Over the last 50 years, the purchasing power of the US consumer dollar has fallen by over 83% [1] - The S&P 500 has increased by over 150 times even after accounting for inflation [1] - The ishares 20 plus year Treasury bond ETF has lost nearly 50% of its value in the last 5 years [1] Student Loans & Education - One example shows a $40,922 student loan potentially requiring a repayment of $118,355.59, with $77,383.59 attributed to financing costs at a 13.500% fixed interest rate [1] AI & Technology - Chat GPT usage has decreased since school got out [2][3][5]

Retirement Planning - Individuals can contribute to both a Roth IRA and an employer retirement account [1] Contribution Limits - There are limitations to contributing to both a Roth IRA and an employer retirement account [1]