Navigating Secure Act 2.0 and 401k Retirement Plan Design Challenges | Ask My Man Manny Podcast
12/04/24 • 30 min
Join us on a transformative journey through the evolving world of retirement planning with Ricky Taylor, Director of Retirement Planning at CEP Consultants. From his beginnings at Prudential to mastering the art of employer-sponsored retirement plans, Ricky shares the pivotal shifts from generic solutions to sophisticated strategies that take age and tenure into account. Discover the intricacies of new comparability profit-sharing plans, which offer personalized benefits for business owners and key employees while catering to the entire workforce. As changes loom over Social Security, Ricky underscores the critical need for strategic planning to secure and sustain financial futures.
Our conversation illuminates the powerful role of financial advisors in shaping balanced investment portfolios and why understanding your investment philosophy matters more than chasing volatile market trends. We delve into the educational aspects of asset allocation and recent legislative innovations like the Secure 2.0 Act, which revolutionizes how young professionals balance debt and retirement planning. With tax incentives for retirement plans and student loan-matching contributions, the landscape is changing. This episode is a treasure trove of insights for anyone looking to navigate the complex but rewarding world of financial and retirement planning.
Season 1 Music is Freethrow by Timothy Infinite
Season 2 Music is Unwind by Dream Cave
The content presented and discussed is purely intended to be general and educational in nature, and should not be construed as specifically-tailored investment, financial planning, tax, legal, psychological diagnosis, or other professional advice. Any data cited is valid as of the date of presentation, but please know that such data (e.g., tax rates, brackets, and other rules) are frequently subject to change. Any investment performance referenced is purely past performance, which is no guarantee of any future performance. Nothing contained in this course should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or other financial product or investment strategy. All investment, tax, and financial planning strategies involve risk that you should be prepared to bear. Investment, financial planning, tax, legal, and other professional advice is specific to each individual and entity, and you are highly encouraged to consult with professionals of your choosing before taking any action based on the contents presented or discussed herein.
Gamma Wealth Management (“GWM”) is a registered investment advisor offering advisory services in the State(s) of Maryland and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet...
Join us on a transformative journey through the evolving world of retirement planning with Ricky Taylor, Director of Retirement Planning at CEP Consultants. From his beginnings at Prudential to mastering the art of employer-sponsored retirement plans, Ricky shares the pivotal shifts from generic solutions to sophisticated strategies that take age and tenure into account. Discover the intricacies of new comparability profit-sharing plans, which offer personalized benefits for business owners and key employees while catering to the entire workforce. As changes loom over Social Security, Ricky underscores the critical need for strategic planning to secure and sustain financial futures.
Our conversation illuminates the powerful role of financial advisors in shaping balanced investment portfolios and why understanding your investment philosophy matters more than chasing volatile market trends. We delve into the educational aspects of asset allocation and recent legislative innovations like the Secure 2.0 Act, which revolutionizes how young professionals balance debt and retirement planning. With tax incentives for retirement plans and student loan-matching contributions, the landscape is changing. This episode is a treasure trove of insights for anyone looking to navigate the complex but rewarding world of financial and retirement planning.
Season 1 Music is Freethrow by Timothy Infinite
Season 2 Music is Unwind by Dream Cave
The content presented and discussed is purely intended to be general and educational in nature, and should not be construed as specifically-tailored investment, financial planning, tax, legal, psychological diagnosis, or other professional advice. Any data cited is valid as of the date of presentation, but please know that such data (e.g., tax rates, brackets, and other rules) are frequently subject to change. Any investment performance referenced is purely past performance, which is no guarantee of any future performance. Nothing contained in this course should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or other financial product or investment strategy. All investment, tax, and financial planning strategies involve risk that you should be prepared to bear. Investment, financial planning, tax, legal, and other professional advice is specific to each individual and entity, and you are highly encouraged to consult with professionals of your choosing before taking any action based on the contents presented or discussed herein.
Gamma Wealth Management (“GWM”) is a registered investment advisor offering advisory services in the State(s) of Maryland and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet...
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Season 1 Music is Freethrow by Timothy Infinite
Season 2 Music is Unwind by Dream Cave
The content presented and discussed is purely intended to be general and educational in nature, and should not be construed as specifically-tailored investment, financial planning, tax, legal, psychological diagnosis, or other professional advice. Any data cited is valid as of the date of presentation, but please know that such data (e.g., tax rates, brackets, and other rules) are frequently subject to change. Any investment performance referenced is purely past performance, which is no guarantee of any future performance. Nothing contained in this course should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or other financial product or investment strategy. All investment, tax, and financial planning strategies involve risk that you should be prepared to bear. Investment, financial planning, tax, legal, and other professional advice is specific to each individual and entity, and you are highly encouraged to consult with professionals of your choosing before taking any action based on the contents presented or discussed herein.
Gamma Wealth Management (“GWM”) is a registered investment advisor offering advisory services in the State(s) of Maryland and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet...
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Season 1 Music is Freethrow by Timothy Infinite
Season 2 Music is Unwind by Dream Cave
The content presented and discussed is purely intended to be general and educational in nature, and should not be construed as specifically-tailored investment, financial planning, tax, legal, psychological diagnosis, or other professional advice. Any data cited is valid as of the date of presentation, but please know that such data (e.g., tax rates, brackets, and other rules) are frequently subject to change. Any investment performance referenced is purely past performance, which is no guarantee of any future performance. Nothing contained in this course should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or other financial product or investment strategy. All investment, tax, and financial planning strategies involve risk that you should be prepared to bear. Investment, financial planning, tax, legal, and other professional advice is specific to each individual and entity, and you are highly encouraged to consult with professionals of your choosing before taking any action based on the contents presented or discussed herein.
Gamma Wealth Management (“GWM”) is a registered investment advisor offering advisory services in the State(s) of Maryland and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet...
Ask My Man Manny! - Navigating Secure Act 2.0 and 401k Retirement Plan Design Challenges | Ask My Man Manny Podcast
Transcript
Yeah ,
Speaker 1I mean a lot has changed . You know , gone are the days but technically they're still here of the cookie cutter design whereby , you know , a company would just throw in some type of match , whether it be discretionary match or even a safe harbor match for that matter . The way I'm operating and what I'm seeing and the evolutio
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