{"id":2955,"date":"2024-01-02T14:31:00","date_gmt":"2024-01-02T20:31:00","guid":{"rendered":"https:\/\/www.connerash.com\/blog\/?p=2955"},"modified":"2024-05-03T14:33:27","modified_gmt":"2024-05-03T19:33:27","slug":"stay-on-the-comfortable-retirement-track","status":"publish","type":"post","link":"https:\/\/www.connerash.com\/blog\/stay-on-the-comfortable-retirement-track\/","title":{"rendered":"Stay On The Comfortable Retirement Track"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"526\" src=\"https:\/\/www.connerash.com\/blog\/wp-content\/uploads\/2024\/05\/Stay_On_The_Comfortable_Retirement_Track.jpg\" alt=\"\" class=\"wp-image-2956\" style=\"width:455px;height:auto\" srcset=\"https:\/\/www.connerash.com\/blog\/wp-content\/uploads\/2024\/05\/Stay_On_The_Comfortable_Retirement_Track.jpg 1000w, https:\/\/www.connerash.com\/blog\/wp-content\/uploads\/2024\/05\/Stay_On_The_Comfortable_Retirement_Track-300x158.jpg 300w, https:\/\/www.connerash.com\/blog\/wp-content\/uploads\/2024\/05\/Stay_On_The_Comfortable_Retirement_Track-768x404.jpg 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n<\/div>\n\n\n<p>There\u2019s no better time than the beginning of a new year to review your retirement plan and, if possible, increase your contribution to the maximum allowed, if possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">PRIORITIZE PLANS<\/h2>\n\n\n\n<p>Start by maximizing contributions to your business\u2019s 401(k) or other company retirement savings plan.<\/p>\n\n\n\n<p>Next up: IRA contributions, if you\u2019re eligible. Start with traditional tax-deferred contributions. Then contribute to a Roth IRA. Mind income limits for IRA participation.<\/p>\n\n\n\n<p>Consider a regular taxable brokerage account once you\u2019ve exhausted tax-advantaged retirement accounts. You\u2019ll have the flexibility to use those retirement funds whenever and however you choose.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CATCH-UP CONTRIBUTIONS<\/h2>\n\n\n\n<p>If you\u2019re 50 or older, make catch-up contributions, if possible. An additional incentive to make maximum tax-deferred catch-up contributions to 401(k) Roth accounts in 2024 and 2025: The IRS delayed the SECURE 2.0 Act provision that prevents individuals earning over $145,000 from making pre-tax catch-up contributions to Roth 401(k) accounts until 2026.<\/p>\n\n\n\n<p>This reprieve also gives you, as an employer, more time to implement the Roth 401(k) catch-up change and inform employees about this upcoming change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s no better time than the beginning of a new year to review your retirement plan and, if possible, increase your contribution to the maximum allowed, if possible. PRIORITIZE PLANS Start by maximizing contributions to your business\u2019s 401(k) or other company retirement savings plan. Next up: IRA contributions, if you\u2019re eligible. Start with traditional tax-deferred &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.connerash.com\/blog\/stay-on-the-comfortable-retirement-track\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stay On The Comfortable Retirement Track&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,40],"tags":[],"class_list":["post-2955","post","type-post","status-publish","format-standard","hentry","category-newletters","category-retirement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stay On The Comfortable Retirement Track - Conner Ash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.connerash.com\/blog\/stay-on-the-comfortable-retirement-track\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stay On The Comfortable Retirement Track - Conner Ash\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no better time than the beginning of a new year to review your retirement plan and, if possible, increase your contribution to the maximum allowed, if possible. PRIORITIZE PLANS Start by maximizing contributions to your business\u2019s 401(k) or other company retirement savings plan. Next up: IRA contributions, if you\u2019re eligible. 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