SECURE 2.0 / Changes to 401K, IRA and 529

SECURE 2.0 / Changes to 401K, IRA and 529 are explained in detail.
00:00 Intro
00:26 Required Minimum Distribution (RMD)
02:27 RMD Penalty
02:59 RMD for Roth 401K
03:18 Catch-up contribution
05:35 Backdoor Roth / Mega Backdoor Roth
05:49 529 Changes
References:
www.investor.gov/financial-to...
fitaxguy.com/secure-2-0-and-t...
www.clarkhill.com/news-events...
www.napa-net.org/news-info/ke...
Other Related Episodes:
Why HSA is better than 401K?: • Why HSA is better than...
Tax Loss Harvesting: • Tax Loss Harvesting - ...
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DISCLAIMER:
The content of this video is my own opinions and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide education about investments.

[@tgokulprasad]

Thanks sir. I am working on US retirement domain and this video was very helpful for me.

[@RajagopalSankaranarayanan]

Thanks for the video, Sir !

[@yourganesan]

Great information as usual!

[@vijayrambhatla9909]

fantastic advice again. Thank you

[@sancherry5960]

Wow that's great. Good to know that mega backdoor roth survives 😀

[@kathirr2438]

Thanks Vijay!

[@manivannanmurugesan638]

Please post a video on IUL..

[@vickysmart75]

Sir. Indian recent assembly budget pathi vdo pondunga.

[@divinvest3218]

Appears the catch up contribution to ROTH 401k for income over 145K has been delayed for 2 years

[@jayabharathylakshmanan6022]

Hello Vijay Sir, Can you please explain about megadoor roth ?

[@InvestmentInsightsEnglish]

It is in Tamil channel for now: ruclips.net/video/AGyWcG101Gs/видео.html

[@AL-dz2mc]

Hi Vijay,
I have a query that once we retire and go back to india so can we withdraw monthly 401k amount as a pension in india from USA.. is that possible? Because we r contributing 401k thinking that after retirement also we can use this money wherever (any country) we settle.
Would you please explain ..🙏🏼🙏🏼

[@cybrainx72]

Did n't realize you could n't contribute regular 401k for catch up contribution if the income is greater than 145k. Is it applicable this year 2023 ? Thanks for the video.

[@InvestmentInsightsEnglish]

Not applicable for 2023. It starts from 2024.