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2025 401(k) Updates You Should Know | Queer Money Ep. 558
Manage episode 449724005 series 1216255
Changes to 401(k)s are coming in 2025!
In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skellhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.
Topics Covered:
- 00:00 Introduction to 401k Changes in 2025
- 00:15 Meet Jake Skellhorn: LGBTQ+ Financial Advisor
- 03:39 Catch-Up Contributions Explained
- 05:26 Investment Strategies for Near-Retirees
- 07:55 Changes for High-Income Earners
- 17:57 Automatic Enrollment in 401ks
- 22:07 Inherited IRA Changes
- 26:57 Conclusion and Final Thoughts
Follow us:
- Queer Money Instagram
- Queer Money YouTube
- Queer Money on Tiktok
- Connect with John on LinkedIn
- Connect with David on LinkedIn
Mentioned in this episode:
Subscribe to the Queer Money Weekly Newsletter
Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.
558 episoder
Manage episode 449724005 series 1216255
Changes to 401(k)s are coming in 2025!
In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skellhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.
Topics Covered:
- 00:00 Introduction to 401k Changes in 2025
- 00:15 Meet Jake Skellhorn: LGBTQ+ Financial Advisor
- 03:39 Catch-Up Contributions Explained
- 05:26 Investment Strategies for Near-Retirees
- 07:55 Changes for High-Income Earners
- 17:57 Automatic Enrollment in 401ks
- 22:07 Inherited IRA Changes
- 26:57 Conclusion and Final Thoughts
Follow us:
- Queer Money Instagram
- Queer Money YouTube
- Queer Money on Tiktok
- Connect with John on LinkedIn
- Connect with David on LinkedIn
Mentioned in this episode:
Subscribe to the Queer Money Weekly Newsletter
Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.
558 episoder
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