Being Well Informed
Being Well Informed discusses trending topics such as police reform, book banning intensified, the Emmett Till Alert App, new and upcoming authors, the Anne Arundel County NAACP Greenbook, judicial reform, long term care insurance, cryptocurrency scams, Maryland Lynching Memorial Project, Education in a Pandemic, and much more. The program, hosted by Claudia Barber, is designed to educate the audience on these trending topics.
Being Well Informed
Changes in Laws Impacting Retirees' 401(k), 403(b), and 457(b) Plans; The Tax Bomb
Did my retirement plan just change? The Setting Every Community Up for Retirement Enhancement (SECURE) Act became effective January 1, 2020. But a new law became effective January 1, 2023, the SECURE Act 2.0 of 2023. Changes in required age minimum distributions of 401(k), 403(b), and 457(b) plans have occurred. It is no longer 70 1/2. The age for required minimum distributions increases to 72 and now 73, which may impact your Medicare premiums or tax bracket. We give concrete examples in this podcast. We also discuss the Protected IRA Plus Plans, which can provide guaranteed lifetime income, protection of assets from market losses, tax free withdrawals specifically for long term care, tax free growth and tax free income later, as well as tax free death benefits.
Being Well Informed is a podcast, which airs weekly on Spotify, Apple Podcasts, Google Podcasts, iHeart Radio, Amazon Music, and other platforms such as You Tube. We discuss trending topics impacting the community.
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