7/17 - Catch Up Contributions
Currently, if you are age 50 or older and you contribute to a 401k, you are allowed to make a “catch up” contribution in the amount of $7,500, pre tax regardless of your income. Well, thanks to Congress, that rule is going to change dramatically starting January 1st, 2024 if you make more than $145,000 this year. And the change is unfortunately, not good. We’ll share with you the details, tonight on the Jon Sanchez Show at 5pm.👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com…
The skinny
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