New Retirement Radio With Dennis Prout Podcast

Penalties can happen to anyone, and with IRAs, there are two types that commonly occur: RMD and excess contribution. The SECURE 2.0 Act had created some significant changes regarding these penalties, so today on New Retirement Radio, Heidi will discuss these in depth and give you a deeper understanding to help you avoid them altogether! Nathan Prout will be joining us in the studio to discuss a new class of beneficiaries called “eligible designated beneficiaries,” or “EDBs.” Tune in to find out what this means for you, including advantages of EDBs versus non-EDBs and more. Tax season is upon us, so we will share the five things you need to know when making a 2022 Roth IRA contribution. If time permits, we will discuss an article from The Wall Street Journal titled “The Last-Minute Retirement Plan Moves That Can Cut Your Tax Bill.” Believe it or not, there’s still time to make last-minute retirement contributions that could lower your tax bill. Deann will dive into the conversation and share the latest data.