While researching the afore mentioned Secure Act 2.0 about a week ago… recall this 4200 page monster was released on December 27th, 2022 …
Some talk in the beast is about unused 529’s being able to roll over into a Roth….
This caught the eye/ear and a note was made. A possible use of this came up this week, so further research is needed as there were a ton of hurdles (like a 15 year waiting period, just to name one) to allow this transaction AND we will likely have updates during the year to clarify this possibility.
With a use already a possibility, we wanted to bring this to your attention and let you know we will be doing further research for clarity! yay
Long Weekend
Monday is a Holiday in honor of Martin Luther King day, as such banks, government offices and our office will be closed as well.
Today is a Friday the 13th spooky … enjoy your day and the weekend…talk next week!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
$treet-¢ents 
December 2022 Financial Planning and Capital Market Review – Secure Act 2.0 – By John Kvale CFA, CFP
Hello and Welcome to our December 2022 … Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets thoughts and current events!
Hope you enjoy!
December 2022 Video
YouTube
Financial Planning Tip(s)
Secure Act 2.0 – Passed on 12-27-22 Quietly …. Shhhhh we are working through the details
On December 27, 2022 a HUGE bill … over 4000 pages, was passed…. while not sweeping in our neck of the woods, there is one main adjustment….
RMD – Required Minimum Distributions are pushed out again to age 73! Not Kidding!
Capital Market Comments
Rate Increase – Fed Raised rates for the Holidays
In December the FOMC (Federal Open Market Committee) led by Jerome Powell raised rates, but only by .50% … but it was a raise…
Have a Great Day, Talk to You at the End of January – Happy 2023!
John A. Kvale CFA, CFP
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Posted in Audio, Economy, FOMC, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Monthly Review, Podcast, Retirement Planning, Video
Tagged FOMC, Interest Rates, John Kvale, Monthly Review, RMD, Secure Act 2.0